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ASIC takes CBA to court for hitting customers with $55M in fees
Financial Services 2021-04-01 12:26 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has taken the Commonwealth Bank of Australia to court for slapping nearly 1 million customers with unauthorised monthly access […]

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IP Australia on the Rolling Stones’ side in trade mark battle over ‘Jagger & Stone’
Intellectual Property 2021-03-30 9:07 pm By Christine Caulfield

The Rolling Stones has successfully opposed registration of the ‘Jagger & Stone’ clothing trade mark in Australia, with a delegate finding the name was designed […]

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ACCC clears NAB’s $220M acquisition of digital bank 86 400
Corporate 2021-03-30 12:43 pm By Christine Caulfield

The ACCC has given the greenlight to NAB’s proposed acquisition of digital only bank 86 400, saying the tie-up would not substantially lessen competition. Australian […]

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ASIC will ask to have Melissa Caddick charges dropped
White Collar 2021-03-29 4:28 pm By Cindy Cameronne

The Australian Securities and Investments Commission will seek to withdraw all charges which were the subject of an arrest warrant against accused fraudster Melissa Caddick, […]

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Linchpin Capital investors want to add insurers to class action
Class Actions 2021-03-26 12:41 pm By Christine Caulfield

A class action by investors of collapsed Linchpin Capital against the company’s former directors wants to join their insurers as defendants to the proceedings. A […]

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L’Oreal opposition to Lore Perfumery trade mark doesn’t pass the smell test
Intellectual Property 2021-03-25 9:14 pm By Cindy Cameronne

Cosmetics giant L’Oreal has lost its opposition to Melbourne-based Lore Perfumery’s ‘Lore’ trade mark, with an IP Australia delegate finding that L’Oreal’s strong reputation made […]

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Clough appeals tax ruling on $15M in cancellation of entitlements
Tax 2021-03-25 11:28 am By Cat Fredenburgh

Construction company Clough Limited has appealed a ruling that found it cannot claim over $15 million paid to employees for cancellation of their shares and […]

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FE Sports to pay $350,000 penalty for ‘serious’ resale price maintenance
Competition & Consumer Protection 2021-03-24 9:01 pm By Miklos Bolza

Brisbane-based sporting goods wholesaler FE Sports has been fined $350,000 for engaging in resale price maintenance that prohibited dealers from advertising certain products for less […]

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‘Hardly seems worth the powder and the shot’: Judge asks why ASIC still pursuing CBA MySuper case
Financial Services 2021-03-24 3:00 pm By Cindy Cameronne

A judge has questioned why ASIC is still pursuing its case against CBA unit Colonial First State over statements made to 12,000 fund managers during […]

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ASIC triumphs in ‘bad advice’ case against IOOF unit
Financial Services 2021-03-24 12:29 pm By Miklos Bolza

A former financial advisor employed by an IOOF unit accused of taking hefty commissions for steering investors towards risky investments contravened the financial advice provisions […]

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