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Fortrend unlawfully withheld bonuses owed Shaw & Partners defectors: court
Employment 2025-02-21 10:44 am By Christine Caulfield

Fortrend Securities breached the Fair Work Act in withholding the bonuses of two financial advisors who jumped to rival Shaw & Partners, a court has ruled.

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AusSuper cops $27M penalty for account merger failures
ASIC 2025-02-21 3:01 pm By Andy Sidler

A judge has hit AustralianSuper with a $27 million penalty for breaching superannuation rules requiring providers to consolidate customer accounts. 

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Judge OKs $500K underpayments class action settlement, grills firm over fees
Class Actions 2025-02-21 11:16 pm By Julia Kanapathippillai

A judge has signalled he will approve a $500,000 settlement in an underpayments class action against labour hire company Stellar Personnel, but has grilled the applicant’s law firm over costs.

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Telstra misled customers about Belong upload speeds, court finds
Competition & Consumer Protection 2025-02-21 2:41 pm By Sam Matthews

A court has found that Telstra misled almost 9,000 residential broadband customers about the upload speeds of its budget internet provider Belong.

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Cosmetic surgery class action faces battle over plan to drop doctor from case
Class Actions 2025-02-21 11:30 pm By Cindy Cameronne

A class action against Sydney doctor Daniel Lanzer and several of his associates over alleged botched cosmetic surgeries wants to drop its claims against one doctor, but other defendants have taken issue.

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Judge disqualifies himself from hearing Greensill cases
Insurance 2025-02-20 11:01 pm By Cindy Cameronne

A newly appointed judge has disqualified himself from hearing a group of cases over Greensill’s $1.7 billion collapse, after he acted as counsel for insurer Marsh in a related dispute. 

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EML wins extra time to respond to class action’s ‘new case’
Class Actions 2025-02-20 4:54 pm By Sam Matthews

Payments processing company EML has won more time to respond to a new pleading in a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.

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Landmark ruling to upend tax office’s practice of treating UPEs as loans
Tax 2025-02-20 11:56 pm By Sam Matthews

An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.

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Allergan may bring ‘state of the art’ defence in breast implants class action
Class Actions 2025-02-20 10:35 pm By Andy Sidler

US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.

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GM class action judge fond of cars, not fond of pleading fights
Class Actions 2025-02-20 11:50 pm By Julia Kanapathippillai

GM has foreshadowed a strike-out application in a class action over alleged faulty transmissions in Holden vehicles, but a judge has warned he won’t “take kindly” to pleading spats.

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