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Colonial must give class action info on financial position after ‘unsatisfactory’ liability transfer
Financial Services 2021-10-05 2:11 pm By Cindy Cameronne

A judge has told a Colonial First State Investments unit to provide information about its financial position to the lead applicant in a class action and criticised the company for failing to disclose that it had transferred its liabilities after the class action was launched.

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Raptis Group hit with freezing order after allegedly dodging $110M in tax bills
Tax 2021-10-05 6:35 pm By Cindy Cameronne

The Australian Taxation Office has won an urgent bid to freeze the assets of James Raptis and 11 associated entities, after accusing the Queensland property developer of dodging $109.5 million in taxes since 2000.

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‘Shit hot tradie’ trade mark not so hot, delegate finds
Intellectual Property 2021-10-05 4:19 pm By Cindy Cameronne

In a victory for Tradie briefs manufacturer Sojo, a delegate has shot down clothing start-up Rebel Power’s bid to trade mark the words ‘shit hot tradie’.

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AMP denies responsibility for licensees’ conduct in ASIC’s fees-for-no-service case
Financial Services 2021-10-01 8:59 pm By Cindy Cameronne

Financial services provider AMP has hit back at ASIC’s civil penalty action alleging it charged super members fees for no service, saying it was not involved in its licensees’ contraventions.

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Ben Roberts-Smith fights ‘ridiculous’ bid to make medical records public as trial faces delay
Arthur Moses 2021-10-01 4:29 pm By Cindy Cameronne

Former SAS soldier Ben Roberts-Smith is fighting to shield medical records Fairfax says should be made public to “safeguard open justice”, as trial in his defamation case against the publisher faces further delay due to COVID-19 border restrictions.

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Judge grapples with his ‘white male privilege’ in Erin Molan trial
Trials 2021-09-30 8:57 pm By Cindy Cameronne

A judge has spoken of his personal challenge as an “older, white male” in deciding the objective meaning of racism in Nine Network sports reporter Erin Molan’s defamation case, and said the matter would have been worthy of a trial by jury.

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ASIC seeks ‘very substantial’ $12M penalty against Mayfair
Financial Services 2021-09-29 3:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission says beleaguered investment group Mayfair 101 should pay a $12 million penalty after a judge found the company misled investors about its financial products.

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Mayfair 101’s James Mawhinney says lawyers OK’d alleged misleading conduct
Financial Services 2021-09-29 9:44 pm By Cindy Cameronne

The founder of embattled investment group Mayfair 101, James Mawhinney, has said he received legal advice approving the company’s advertising of financial products that a court has found misled investors.

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Government can’t cut ‘stolen’ from notice about stolen wages class action
Class Actions 2021-09-28 5:15 pm By Cindy Cameronne

While acknowledging it was a ‘loaded’ word, a judge has rejected a bid by the federal government to edit out the word ‘stolen’ from a notice to members of the third stolen wages class action brought by Shine Lawyers.

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ASIC’s first COVID-19 case against lender ‘sufficiently clear’, judge says
Financial Services 2021-09-28 9:57 pm By Cindy Cameronne

Personal lender ClearLoans has lost its bid to strike out claims in ASIC’s first case related to the COVID-19 pandemic after a judge found the regulator’s action, which accuses the lender of breaching the hardship provisions of the credit laws, was “sufficiently clear”.

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