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Ex-ANZ unit hit with $5M penalty for fees-for-no-service conduct
Superannuation 2023-11-29 4:40 pm By Cat Fredenburgh

Former ANZ superannuation trustee OnePath Custodians has been hit with a $5 million penalty for charging superannuation members more than $4 million in fees that it was not entitled to.

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Insurers appeal ruling putting them on hook for Opal Tower class action costs
Appeals 2023-11-29 11:27 pm By Cat Fredenburgh

The Full Court will weigh in on whether Opal Tower engineer WSP was excluded from builder Icon’s policy coverage for subcontractors and should cover it own class action costs.

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Ben Roberts-Smith hit with indemnity costs for failed defamation case
Defamation 2023-11-28 5:30 pm By Cat Fredenburgh

Ben Roberts-Smith has been hit with indemnity costs for his failed defamation case over articles accusing him of war crimes, with a judge agreeing with the publishers that the former SAS corporal knew the allegations were substantially true.

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New law firm takes the reins in Westconnex class action
Class Actions 2023-11-28 11:31 pm By Cat Fredenburgh

A new law firm has taken over from Quinn Emanuel in a class action against Transport for NSW over the alleged fraudulent acquisition of land to construct the $16 billion Westconnex tunnel in Sydney, after the mystery funder that’s backing the case lost its bid to avoid security.

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Sensitive data of 223,000 people stolen in ACL data breach: OAIC
Privacy & Cybersecurity 2023-11-28 11:17 pm By Cat Fredenburgh

‘Serious and systemic’ failures in Australian Clinical Labs’ cyber framework left the pathology services provider vulnerable to a cyberattack that exposed the sensitive health data of more than 223,000 people, including tests for fertility and sexually transmitted diseases, according to the OAIC.

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BHP class action fights ruling limiting group size
Appeals 2023-11-28 1:44 pm By Cat Fredenburgh

A class action against BHP over the collapse of a Brazilian dam has appealed a judgment that found shareholders who did not purchase their stock on one of the three exchanges on which the mining giant is listed are excluded from the case.

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PwC fined $50,000 over tax leaks scandal
Financial Services 2023-11-28 11:30 pm By Cat Fredenburgh

The group that oversees accountants in Australia and New Zealand has slapped PricewaterhouseCoopers with a $50,000 fine over its tax leaks scandal.

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Investors lost $500M trading CFDs, new class action alleges
Financial Services 2023-11-27 11:04 am By Cat Fredenburgh

Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.

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ACCC again calls for regulation as digital platforms expand reach
Competition & Consumer Protection 2023-11-27 10:54 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has again called for new laws to regulate digital platforms as they creep further into the daily lives of Australians through smart home devices and personal cloud storage.

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Thomson Geer picks up property team from M+K
Real Estate 2023-11-27 10:30 pm By Cat Fredenburgh

Thomson Geer has raided the property team of competitor M+K, luring a team of six, including two partners.

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