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The Commonwealth Bank has been dragged to court by the corporate regulator, accused of charging business customers millions of dollars in undisclosed fees for the past 19 years.
ASIC wants $5.41 million in penalties over TelstraSuper's failure to respond to members complaints in a timely manner, while the superannuation fund is pushing for no penalty.
NAB will pay $127 million to nearly 70,000 underpaid workers plus $34 million in interest and $8 million in superannuation and make the largest ever contrition payment as part of an agreement with the Fair Work Ombudsman.
A former investment director at asset manager Tanarra Capital has lost his bid to join a related entity to his case after it was accidentally excluded as a defendant from the suit's originating application.
Macquarie Bank has agreed to a proposed $14 million penalty after admitting to failures in how it promoted introductory offers for new savings account customers.
Clifford Chance Australia has hired a private capital partner from Holding Redlich to join its Sydney office.
Administrators of collapsed supply chain finance company Greensill Capital have reached a settlement with GFG Alliance's Liberty companies, resolving a case that was set for trial beginning Tuesday.
A failed class action against former NAB super fund trustee NULIS Nominees has told the High Court that the character of $165 in alleged conflicted remuneration fees has to be determined by their purpose, rather than how they were described in product disclosure statements.
The corporate regulator has made interim orders barring Angas Securities from offering two managed investment schemes holding $114 million, raising concerns that it failed to disclose its exposure to collapsed developer Bathla Group.
Payday lender Sunshine Loans has been hit with $5.5 million in penalties for charging vulnerable customers almost $300,000 in fees, with a judge giving limited weight to its claim that it relied on legal advice when introducing the unlawful charges.