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The Commonwealth Bank of Australia has denied that it received any benefits through the sale of its Essential Super product, rejecting claims by Australian Securities and Investments Commission that it breached the conflicted remuneration provisions of the Corporations Act.
Woolworths has agreed to fast-track retail employee pay increases after a union hit the supermarket giant with a lawsuit this week.
The Labor party will look to cross benchers in the Senate to overturn the Morrison government's new rules governing class action funders, saying the regulations would make litigation more expensive.
A local court magistrate overseeing the ANZ criminal cartel case has denied a bid by prosecutors to be given twice the length of time typically allotted to parties for case conference discussions, saying the sooner the proceedings can be transferred to the Federal Court the better.
Former celebrity advisor Sam Henderson, who was slapped with a three-year financial services ban last year after his appearance at the banking royal commission, has pleaded guilty to dishonesty and defective disclosure offences after falsely telling clients he had completed a Master of Commerce degree.
Search engine giant Google has fired off another round of criticism of the Government's proposed media bargaining code, calling it "unworkable" and "extremely one-sided and unfair".
Australia's largest financial services institutions have paid or offered to pay more than $882 million to remediate customers affected by their fees for no service conduct, the Australian Securities and Investment Commission has revealed.
New laws aimed at regulating litigation funders are due to commence on Saturday, but Treasurer Josh Frydenberg is keeping a lid on four emails exchanged with the watchdog in the days leading up to the decision to bring in the sweeping changes.
The Australian Securities and Investments Commission has launched proceedings against a subsidiary of wealth manager IOOF over its alleged failure to have adequate cyber security systems in place.
The Australian Securities and Investments Commission has launched civil penalty proceedings against superannuation fund StatePlus over fees allegedly charged for services that were not provided to tens of thousands of members.