ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.
A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop’s case alleging the bank failed to protect customers from scams.
A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.
Moderna has failed in its bid to secure an mRNA vaccine patent, but an IP Australia delegate gave the US biotech another shot at its application.
The corporate watchdog has imposed extra conditions on Kalkine’s financial services licence amid concerns customer service representatives were providing unlicensed advice.
Australia’s corporate watchdog has taken Snaffle to court, alleging the online retailer inflated prices and charged excessive interest under credit contracts.
The Australian Competition and Consumer Commission will not oppose IAG’s acquisition of RACQI, saying more established insurers will still be able to compete in Queensland.
Bedding and mattress retailer Bedshed has paid nearly $40,000 in penalties after the Australian Competition and Consumer issued it with two infringement notices over advertising that claimed its products were approved by the National Disability insurance Scheme.
ASIC has asked the High Court to overturn a judgment in favour of cryptocurrency firm Block Earner, saying the decision would allow future products to escape regulation.
New enforcement action by the corporate regulator accuses home loan manager Resimac of letting down thousands of financially struggling customers who filed hardship applications.