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High Court clarifies procedural fairness in corruption cases, finds IBAC mostly followed rules
Public Corruption 2024-03-13 11:39 pm By Christine Caulfield

IBAC has been vindicated by the High Court in a ruling that found Victoria’s anti-corruption agency had largely complied with its obligations to provide a public body and a senior officer with a reasonable opportunity to respond to adverse material in an investigation over unauthorised email access.

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ME Bank hit with $820,000 penalty for misleading borrowers
Financial Services 2024-01-19 4:03 pm By Sam Matthews

Bank of Queensland will pay a $820,000 penalty after its Members Equity was found guilty of criminal charges over misleading representations, with a judge finding the defunct direct bank was no less responsible because the offending conduct resulted from a systems error.

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ASIC can’t undo stay of disciplinary case against iSignthis auditor
Appeals 2024-01-08 11:59 pm By Cindy Cameronne

The Australian Securities and Investments Commission has lost its bid to pursue a disciplinary case against former Grant Thornton director Bradley Taylor over his 2018 audit of fintech firm iSignThis while criminal proceedings are ongoing.

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ME Bank pleads guilty to misleading borrowers, says crime didn’t hurt anyone
Financial Services 2023-09-07 11:00 pm By Sam Matthews

Direct bank Members Equity has pleaded guilty to criminal charges over misleading representations to customers, but a judge has questioned the bank’s submissions in favour of a low penalty, noting it was only “happenstance” that a systems glitch didn’t lead to worse outcomes for customers.

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Victorian Bar to poll members on endorsing Voice to Parliament
Policy and Regulation 2023-05-18 4:50 pm By Sam Matthews

A group of Victorian barristers says the Bar has a responsibility to make a public statement backing the proposed Voice to Parliament, while others have questioned the “propriety” of speaking out, an email to members reveals.

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Public housing residents to get $5M in COVID-19 lockdown class action settlement
Class Actions 2023-05-09 11:00 pm By Cat Fredenburgh

The state of Victoria has agreed to pay $5 million to settle a class action over a public housing lockdown during Melbourne’s second COVID-19 wave in July 2020.

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Prosecutors lose challenge to time limit in criminal case against ME Bank
Financial Services 2022-11-29 3:39 pm By Christine Caulfield

Federal prosecutors pursuing a case against Members Equity have lost an appeal of a ruling that threw out half the charges against the direct bank as time barred, with an appeals court finding the ASIC Act imposes a hard deadline for bringing a criminal case of misleading or deceptive conduct.

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No hard time limit on criminal charges against ME Bank, prosecutors say
Financial Services 2022-05-18 1:09 pm By Christine Caulfield

Challenging a ruling that tossed half the charges brought against direct bank Members Equity, prosecutors have told an appeals court the ASIC Act does not impose a strict deadline for bringing a criminal case of misleading or deceptive conduct.

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Emirates Group can’t recoup $10.5M paid to Australian staff through JobKeeper
Tax 2021-11-15 4:54 pm By Miklos Bolza

Eight companies in the Dubai-based Emirates Group have lost a court bid to recoup more than $10.5 million paid to Australian staff during the COVID-19 pandemic on the mistaken belief that the money would be repaid as part of the federal government’s JobKeeper subsidy scheme.

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Claims trimmed in COVID-19 public housing class action
Class Actions 2021-10-13 1:33 pm By Cindy Cameronne

A class action over a public housing lockdown during Melbourne’s second COVID-19 wave in July last year is seeking to discontinue battery and negligence claims against the Victorian government, a court has heard.

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