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ASIC wins case over life insurer’s misleading ā€˜pre-existing conditionā€™ term
Insurance 2024-10-29 11:04 pm By Cindy Cameronne

ASIC has won its case against insurer HCF Life over a pre-existing condition term that was likely to mislead the public, but failed to convince the court that it was an unfair contract term.Ā 

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Care A2 settles spat with infant formula distributor
Emma Bathurst 2024-10-28 11:40 pm By Cat Fredenburgh

Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.

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1 or 21M: Australian Clinical Labs wants court’s take on OAIC’s data breach maths
Privacy & Cybersecurity 2024-10-11 11:35 pm By Cat Fredenburgh

Australian Clinical Labs, which is facing regulatory action over a 2022 data breach, is fighting the information commissioner’s claim that it breached privacy laws 21.5 million times.

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Westpac unit RAMS flags fraud claim in franchisee class action
Class Actions 2024-10-01 2:21 pm By Cindy Cameronne

Westpac’s shuttered home loan unit RAMS may hit back at franchisees’ class action claims by alleging they made misrepresentations and provided fraudulent documents.

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CIMIC loses appeal against insurers over coverage for Iraq bribery cases
Insurance 2024-09-19 11:04 pm By Christine Caulfield

Insurers have won a challenge to a declaration that engineering firm CIMIC could make claims under policies for costs arising from corruption cases, including a $32 million class action settlement.

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AUSTRAC claims Star walked back admissions in money laundering case
AUSTRAC 2024-09-11 11:57 pm By Cindy Cameronne

AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.

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In first, court finds non-bank lender Firstmac breached DDO obligations
Financial Services 2024-07-10 11:07 pm By Cindy Cameronne

In a win for ASIC, the Federal Court has found that non-bank lender Firstmac Limited breached the design and distribution obligations, introduced in 2021, by marketing a managed investment scheme that could be unsuitable for customersā€™ financial needs.Ā 

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‘The whole purpose is undermined’: Judge irked by referee pick in AUSTRAC case against Star
Simon White 2024-06-11 3:26 pm By Sam Matthews

The judge overseeing AUSTRACā€™s case against Star Entertainment has questioned the partiesā€™ agreement to refer questions of fact and law to a former judge for determination, rather than an anti-money laundering and counter-terrorism financing expert.Ā 

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End of the road for Hells Angels in fight for damages against Redbubble
Intellectual Property 2024-06-06 11:07 pm By Cat Fredenburgh

The High Court has declined to step in after Hells Angels’ award of $78,000 in damages for online marketplace Redbubble’s infringement of its trade marks was slashed to just $100, bringing to an end an IP fight that has stretched on for nearly a decade.

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Hells Angels takes IP fight with Redbubble to High Court
Intellectual Property 2024-03-22 11:14 pm By Cat Fredenburgh

Hells Angels has asked the High Court to reinstate an award of $78,000 for online marketplace Redbubble’s infringement of its trade marks, after the Full Court found it was owed just $100 in nominal damages.

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