Most Recent
Non-bank lender Firstmac hit with $8M penalty for DDO breaches
Financial Services 2025-01-24 10:23 pm By Andy Sidler

The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
ASIC 2025-01-24 11:04 pm By Andy Sidler

Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge rejects ‘hopeless’ appeal over Latitude Financial data breach
Privacy & Cybersecurity 2025-01-17 10:13 pm By Sam Matthews

A self-represented customer of Latitude Financial has lost his bid to challenge a decision throwing out his data breach lawsuit against the non-bank lender after he defaulted on court orders.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Sacked ANZ trader largely loses bid to amend case after 11 iterations
Employment 2025-01-17 11:39 pm By Cindy Cameronne

A former ANZ trader who was allegedly axed after complaining about manipulation of the bank bill swap rate has largely lost his application to amend his case.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘What’s done is done’: Judge defers penalty hearing in Harvey Norman case
Competition & Consumer Protection 2025-01-17 3:04 pm By Sam Matthews

A judge has deferred the question of what penalties Harvey Norman and Latitude Finance should face in a case by ASIC until their appeals are heard, noting the “regrettable” fragmentation of the case. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Bank of Queensland sanctioned for charging fees to dead customers
Financial Services 2025-01-17 2:57 pm By Julia Kanapathippillai

The Bank of Queensland has been sanctioned by the banking watchdog after an investigation found it charged fees to the accounts of dead customers.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Dentons financial services partner jumps to Gilbert + Tobin
Business of Law 2025-01-14 11:03 pm By Julia Kanapathippillai

Gilbert + Tobin has snagged a Sydney-based Dentons partner to bolster its financial services regulatory group.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

New Zealand’s highest court endorses early common fund orders
Class Actions 2025-01-07 10:51 am By Cindy Cameronne

ANZ Bank New Zealand has lost its bid to appeal a ruling that common fund orders can be made in class actions, including at an early stage of the proceeding,

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Law firm can’t dodge $5.4M security in Macquarie class action
Class Actions 2025-01-06 7:24 pm By Cindy Cameronne

Maurice Blackburn is stuck paying $5.4 million in security in a flex commissions class action against Macquarie, with a judge saying it represents a “business risk willingly undertaken”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Third person sentenced over $180M Courtenay House Ponzi scheme
White Collar 2024-12-23 4:54 pm By Julia Kanapathippillai

A third person has been sentenced in connection with the Courtenay House Ponzi scheme, which swindled $180 million from hundreds of investors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?