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Regulator hikes up ANZ capital requirements to $1B amid risk concerns
Financial Services 2025-04-03 12:09 pm By Sam Matthews

APRA has increased ANZ’s capital add-on requirement by $250 million to account for operational risks, after a report highlighted “persistent and prevalent” problems at the bank. 

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Zip hopes High Court buys honest concurrent use defence in high-stakes trade mark suit
Intellectual Property 2025-04-02 11:01 am By Cat Fredenburgh

Buy now, pay later giant Zip will ask the High Court to throw out a ruling that found it infringed mortgage provider Firstmac’s ‘Zip’ trade mark and barred it from using the name in Australia.

Court approves $3.5M settlement in Melissa Caddick class action
Class Actions 2025-04-01 2:59 pm By Cindy Cameronne

A judge has approved a $3.5 million settlement in a class action brought by former clients of Sydney fraudster Melissa Caddick.

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Super funds slammed for ‘unacceptable’ handling of death benefit claims
Financial Services 2025-03-31 11:22 pm By Christine Caulfield

The corporate regulator has caned the super fund industry for its poor handling of death benefit claims it said had “devastating impacts” on members’ grieving relatives.

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ANZ class action judge issues warning to third-party claim aggregators
Class Actions 2025-03-27 4:48 pm By Sam Matthews

A judge overseeing the settement approval process in a flex commissions class action against ANZ has issued a warning to third parties “seeking to profit” off group members, as a claim aggregator appears on the scene.

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‘Egregious failure’ by lender’s counsel in appeal against ASIC win: court
Appeals 2025-03-24 4:44 pm By Cindy Cameronne

Payday lender Sunshine Loans has lost an appeal after it was ruled liable for “wrongheaded” conduct, with an appeals court finding that counsel showed an “egregious failure” to confine the case to the real issues. 

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Toyota class action’s limitations strategy backfires
Class Actions 2025-03-21 11:19 pm By Sam Matthews

A Toyota flex commissions class action can’t retroactively join claims about alleged junk insurance made in a separate case to protect against a limitations defence, with a judge describing such applications as “prima facie vexatious”.

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Fortrend challenges ruling on bonuses for Shaw & Partners defectors
Appeals 2025-03-21 11:45 pm By Cat Fredenburgh

Fortrend Securities has appealed a finding that it breached the Fair Work Act in withholding the bonuses of two financial advisors who jumped to rival Shaw & Partners.

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Firstmac wins high stakes appeal in trade mark fight with Zip
Financial Services 2025-03-20 11:47 pm By Sam Matthews

An appeals court has found Zip Co infringed the ‘Zip’ trade mark of mortgage provider Firstmac, making orders restraining the buy now, pay later giant from using the name.

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Active Super ordered to pay $10.5M penalty for greenwashing
Greenwashing 2025-03-18 12:16 pm By Julia Kanapathippillai

The trustee for Active Super has been ordered to pay a $10.5 million penalty for misleading members about its investments in gambling, oil tar sands and Russian companies.

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