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Accused NAB scammer Helen Rosamond can’t vary freezing order to pay legal bills
Financial Services 2021-01-20 4:16 pm By Spencer Fowler Steen

NAB has succeeded in blocking accused scammer Helen Rosamond and her executive services company Human Group from varying a freezing order in a case over an alleged $51 million fraudulent scheme so that she can pay her legal bills and living expenses.

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Police believe accused fraudster Melissa Caddick still alive
Financial Services 2021-01-19 10:38 pm By Christine Caulfield

Sydney businesswoman Melissa Caddick, who went missing a day after police raided her home two months ago as part of a fraud investigation, is believed to be alive, according to police.

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CBA sued for conspiracy to misuse private bank account details in dismissal wrangle
Privacy & Cybersecurity 2021-01-19 6:38 pm By Spencer Fowler Steen

The Commonwealth Bank of Australia has been sued for conspiracy to misuse private information and bank account details in an unfair dismissal case brought by the director and former employee of a Melbourne financial services provider.

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Senior IOOF executive accused of sexually harassing employee at her wedding
Employment 2021-01-15 3:25 pm By Miklos Bolza

A former portfolio manager of IOOF has sued the firm for discrimination and breaches of the Fair Work Act, alleging she was groped on the breasts by a high ranking senior executive on her wedding day.

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Bank of Queensland manager unfairly dismissed for ‘careless’ mistake, FWC says
Employment 2021-01-15 1:18 pm By Spencer Fowler Steen

The Fair Work Commission has found a Bank of Queensland manager was unfairly dismissed despite making a “careless” mistake which led to a fraudster nabbing nearly $40,000 of a customer’s money.

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Macquarie’s ‘defective’ payment system should have rung alarm bells, judge says
Employment 2021-01-14 5:33 pm By Spencer Fowler Steen

Macquarie Bank has been ordered to fork out $330,000 to dozens of former advisers for a “defective and deficient” system which saw the bank fail to pay a raft of employment entitlements.

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Tyro may face class action over EFTPOS terminal outage
Class Actions 2021-01-13 1:25 pm By Cat Fredenburgh

Payments provider Tyro is facing the threat of a class action over a days-long EFTPOS terminal outage that has left many businesses unable to accept payments.

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Security for costs not a matter of merits, CBA class action judge says
Class Actions 2021-01-08 9:53 pm By Spencer Fowler Steen

A fight over whether a class action applicant must fork over security for costs is not a matter of the strength of the case, says a judge presiding over a class action brought by superannuation holders against Commonwealth Bank of Australia and subsidiaries Colonial First State and Avanteos.

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ANZ, OnePath targeted in new class action over super fees
Financial Services 2020-12-23 10:16 pm By Christine Caulfield

Law firm Slater & Gordon has brought a class action against ANZ alleging former subsidiary OnePath Custodians breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers.

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Court scraps mediation in ASIC case as Mayfair fails to retain Ashurst
Financial Services 2020-12-23 4:12 pm By Miklos Bolza

A judge has vacated a scheduled mediation in ASIC’s misleading and deceptive conduct case against three companies in the beleaguered Mayfair Group after they failed to procure legal representation despite assurances that lawyers would be engaged promptly.

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