A judge has denied ASIC’s request that the court hear its case against RI Advice in November, giving the IOOF unit more time to respond to the 800-page expert report filed by the regulator in support of its case that the company lacked adequate cybersecurity systems.
A Worrells liquidator facing ASIC proceedings seeking to have his registration cancelled has won costs from the regulator after a judge found he was entitled to a “coherent pleading” and ordered the regulator to file a statement of claim.
The Australian Securities and Investments Commission has banned the former managing director of collapsed financial services provider Theta Asset Management from providing financial services for four years, after a court hit the company with a $2 million penalty for issuing defective product disclosure statements for a property investment scheme targeting retirees.
A judge has temporarily adjourned former attorney-general Christian Porter’s defamation lawsuit against the ABC over its coverage of historic rape allegations pending the outcome of a separate legal challenge over whether barrister Sue Chrysanthou SC can represent him in the case.
Several banks and executives facing criminal cartel charges over a $2.5 billion ANZ share placement have won access to interview notes taken by whistleblower JP Morgan prior to it being granted immunity, which the banks say will prove inconsistencies in the prosecution’s case.
Telstra has been fined $50 million for using unconscionable tactics to sign up more than 100 Indigenous customers with post-paid mobile plans they didn’t understand and could not afford, the second highest penalty ever imposed for consumer law violations.
Victoria’s State Revenue Office breached its obligations and denied procedural fairness to a senior solicitor who was fired after an investigation into alleged harassment, the state’s Court of Appeal has found.
The director of building company Modscape has lost his bid to access Gadens’ advice concerning an allegedly false and malicious letter sent to the Victorian Building Authority that questioned his financial probity.
Crown Resorts has struck a deal with the NSW Independent Liquor and Gaming Authority to make all gaming in its casinos cashless to combat money laundering, with the regulator saying its Barangaroo casino in Sydney may open its doors by the end of this year.
The woman bringing court action seeking to stop Christian Porter’s senior barrister from acting for the former attorney-general in his defamation case against the ABC has attacked suggestions that she strategically delayed bringing the conflict of interest challenge.
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