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Debt management firm to face trial after negotiations with ASIC ‘derail’
Financial Services 2025-04-08 2:34 pm By Julia Kanapathippillai

Debt management firm Solve My Debt Now will face trial over claims by the Australian Securities and Investments Commission that it left vulnerable customers worse off, despite indicating last year it would admit liability.

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Perpetual loses bid for injunction against ex-senior advisor
Employment 2025-04-08 11:10 pm By Andy Sidler

Advisory firm Perpetual has lost its bid for an injunction against a former senior advisor after 22 of his long-time clients tried to follow him to a rival firm. 

Ex-Trademax trader ordered to court for grilling over work at rival FP Markets
Financial Services 2025-04-07 11:03 pm By Julia Kanapathippillai

A former Trademax trader who allegedly worked for a rival platform while employed by the firm has been ordered to court for questioning over claims he did not have access to crucial documents.

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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.

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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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