Most Recent
A former PricewaterhouseCoopers partner has sued the firm for denying him retirement payments for moving to alleged competitor DLA Piper and for his alleged involvement in the firm’s tax leaks crisis.
A judge has reluctantly hit Westpac with a $1.8 million penalty after the bank admitted to unconscionable conduct when trading on the morning of a $16 billion deal to privatise electricity provider Ausgrid, saying it was the maximum fine allowed under the relevant law.
A former wealth manager faces action by the corporate regulator for contempt of court after he allegedly breached a court order banning him from involvement in financial services.
COVID-19 lockdowns may have ended years ago but the impacts on small businesses are only now being seen, with larger companies likely to suffer a “contagion effect” in 2024, says K&L Gates’ newest partner.
Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the case to consider the relevance of two recent decisions that found shareholders in other class actions had failed to prove loss.
The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including that it managed $6.9 billion on behalf of retail, wholesale and institutional clients.
Bank of Queensland will pay a $820,000 penalty after its Members Equity was found guilty of criminal charges over misleading representations, with a judge finding the defunct direct bank was no less responsible because the offending conduct resulted from a systems error.
The Australian Law Reform Commission has recommended extensive reforms to the "confusing maze" that is the Corporations Act, including the creation of a standalone financial services law.
Bendigo and Adelaide Bank has lost its opposition to the registration of three trade marks by pay on demand company BeforePay, with a delegate finding that consumers of banking and financial services were unlikely to be confused by the marks and acted with high “care and attention”.
A former Commonwealth Bank manager alleging he was fired by the bank after raising concerns about being overworked says he was told “the job is the job” after a period of stress-related leave.