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Westpac faces new claim in life insurance class action
Class Actions 2018-02-23 8:39 pm By Cat Fredenburgh

Westpac was responsible for the conduct of its in-house financial planner, who allegedly overcharged the bank’s own customers with excess premiums on life insurance, class […]

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Commonwealth Bank denies Austrac money laundering claims
Financial Services 2018-02-23 8:14 pm By Christine Caulfield

The Commonwealth Bank of Australia on Friday pushed back against the majority of expanded claims brought by the anti-money laundering regulator and denied all allegations […]

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Google bid for ad patent shot down by IP Australia
Intellectual Property 2018-02-22 8:19 pm By Cat Fredenburgh

IP Australia has rejected Google’s application for approval of a patent covering advertising price discounting, saying it was not a manner of manufacture and therefore […]

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Sanofi wins challenge to Reckitt-Benckiser lozenge patent
Intellectual Property 2018-02-22 7:58 pm By Cat Fredenburgh

The Australian Patent Office has shot down a patent application covering throat lozenges by consumer goods giant Reckitt-Benckiser on a challenge by rival Sanofi-Aventis. Citing […]

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GetSwift hit with $300M shareholder class action
Class Actions 2018-02-21 8:56 pm By Cat Fredenburgh

Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel […]

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Banks pay $21.4M to consumers for bad financial advice
Financial Services 2018-02-21 8:46 pm By Cat Fredenburgh

Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the […]

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ACCC to pursue big biz with bigger fines
Competition & Consumer Protection 2018-02-20 3:26 pm By Christine Caulfield

The ACCC has set out its priorities for 2018, and bigger penalties for big business flouting competition laws is top of the agenda, the commission’s […]

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S&P settles Lifeplan class action over CDOs ratings
Class Actions 2018-02-20 12:39 pm By Cat Fredenburgh

S&P Global Ratings has reached a settlement in an Australian class action by investors who bought collateralised debt obligations rated healthy by the U.S. credit […]

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Data breach notification rule takes effect this week
Privacy & Cybersecurity 2018-02-20 12:21 pm By Cat Fredenburgh

Under new rules set to take effect this week, organisations will face stiff penalties for failing to promptly notify the Australian Information Commissioner and affected […]

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Judge gave short shrift to ACCC in Medibank case, court hears
Competition & Consumer Protection 2018-02-19 2:01 pm By Christine Caulfield

The judge who sided with Medibank in the ACCC’s failed case last year paid little attention to one of the consumer regulator’s central arguments against […]

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