Events

The Australian Securities and Investments Commission has told a trial judge that superannuation trustee Diversa can’t hide behind outsourcing arrangements to explain its alleged failures to oversee a now-banned financial adviser accused of luring vulnerable customers into signing up to Diversa accounts.

A source for ABC articles over alleged war crimes that are at the centre of a defamation case by ex-commando Heston Russell told reporters his memory of the events was "hazy", a court heard Friday.

Collapsed vocational education provider Phoenix Institute and its marketing arm have been hit with a record $438 million penalty after a judge found they acted unconscionably and with "callous indifference" by enticing vulnerable consumers to enrol in unsuitable courses with promises of free laptops.

The possibility that a NSW judge will revoke a contingency fee order made in a class action over Arrium's collapse is irrelevant to whether the proceedings should be transferred from Victoria to the appropriate forum, Arrium's auditor KPMG has told a court.

Glencore-owned Viterra has taken its 10-year fight with Cargill to the High Court after an appeals court upheld a judgment putting it on the hook for almost $300 million in damages for misleading representations in the sale of malt producer Joe White in 2013.

The former director of Select AFSL has appealed a judge's decision to slap him with a $100,000 penalty and a disqualification order after finding he "turned a blind eye" to the life insurer's unconscionable phone sales tactics.

A judge has ordered Meta to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private, when in fact it was being collected for commercial use.

A lawyer accused of wrongfully using information obtained via subpoena in a family law case has been hit with a $2,000 fine by the NSW Civil and Administrative Tribunal, after he chose to appeal a reprimand from the NSW Law Society.

An appeals court has taken Pitcher Partners to task in its appeal seeking to throw out a lawsuit over the accounting firm’s alleged involvement in race car driver Max Twigg’s misappropriation of $127 million from his family. 

Commonwealth Bank and other lenders of Arrium have filed for special leave to appeal to the High Court after losing their latest bid to make two directors liable for allegedly misleading them about loan drawdown notices ahead of the steel company's $2.8 billion collapse.