Two units of AMP have paid a $536,000 penalty for failing to report derivative transactions, with the Australian Securities and Investments Commission slamming the company for “serious inadequacies” in its reporting processes.
The corporate cop has brought legal proceedings against the Commonwealth Bank’s wealth management unit claiming it made misleading or deceptive statements to over 12,000 fund members during the transition to MySuper accounts.
Beer giant Lion has slapped a WA retailer with a trade mark lawsuit over an offensive t-shirt that features the mark for its Emu Export beer with the words “wife basher” emblazoned across the top.
The Federal Court of Australia has put a stop to all hearings listed up to June 30 and the High Court will not be sitting in April, May or June, the latest moves by the courts to reduce the risk to staff and visitors of exposure to the new coronavirus.
An employee in Allens’ Brisbane office may have been exposed to the coronavirus, according to the firm, which has ordered that all staff begin working remotely as of Wednesday.
The Federal Circuit Court and Family Court in Sydney shut down on Tuesday after a family law practitioner advised of a positive COVID-19 test, but the courts said they would re-open on Wednesday.
The number of lawyers working at home continues to grow as the coronavirus spreads in Australia, with four law firms ordering staff to pack up and work from home, and more expected to follow their lead.
The corporate watchdog has brought two post-Hayne Commission proceedings against the Commonwealth Bank of Australia, alleging it upped the credit limit of a known problem gambler and overcharged more than $8 million in fees on its agricultural lending products.
Australia’s second largest debt recovery agency has been ordered to pay $500,000 after the company admitted breaching Australia’s consumer laws by unduly harassing and misleading three people over debts they did not owe.
The former boss of Sydney’s 2GB and Melbourne’s 3AW radio stations, Adam Lang, has resolved his defamation case against the publisher of the Daily Telegraph over articles he claimed portrayed him as an incompetent, sadistic executive who created a toxic work atmosphere.
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