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ANZ employee can’t work from home full time, FWC says
Seyfarth Shaw 2024-08-23 11:43 pm By Cindy Cameronne

An ANZ employee has lost her application in the Fair Work Commission to work from home full time on the basis that she is over 55 years old, with a commissioner saying there was no “rational connection” between her age and the request. 

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Westpac fights bid to ‘get around’ limitation defence in flex commissions class action
Class Actions 2024-08-21 11:11 pm By Sam Matthews

Banks targeted in long-running class actions over flexible commission schemes for car dealers are resisting the plaintiffs’ bid to amend their pleadings to “get around” the defence that certain claims are time-barred.

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BBY former manager sentenced over $8.4M in client fund transfers
Financial Services 2024-08-20 11:15 pm By Christine Caulfield

A former manager of BBY has been handed a two and half year sentence after pleading guilty to criminal charges following the stockbroking firm’s collapse. 

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Visa’s payment token invention not patentable, delegate finds
Intellectual Property 2024-08-20 11:54 pm By Andy Sidler

The patent office has rejected Visa’s application to patent a token system for securing customer data, finding the process did not address a technical problem or provide a technical solution.

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Babcock & Brown liquidator wants to knock out fifth shareholder suit
Restructuring & Insolvency 2024-08-16 2:08 pm By Sam Matthews

The liquidator of failed global financial services firm Babcock & Brown is seeking to permanently stay a shareholder suit it says is an abuse of process, nearly five years after three other cases against the liquidator were thrown out.

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Trader alleges bullying, death threats in unfair dismissal case against CMC Markets
Employment 2024-08-15 2:39 pm By Cindy Cameronne

A Sydney trader has brought an unfair dismissal case against CMC Markets, alleging his manager threatened his job and life after he complained about a shortfall in bonuses totalling more than $500,000.

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BPay settles trade mark stoush with crypto platform Be Pay
Intellectual Property 2024-08-15 2:00 pm By Andy Sidler

The crypto platform formerly known as Be Pay Australia has settled a trade mark infringement suit by BPay after court-ordered mediation, changing its name and paying $50,000 toward the legal costs of the bill payments giant. 

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Insurer BCC loses bid to bring ‘moral hazard’ claim in $6B Greensill cases
Insurance 2024-08-14 3:48 pm By Cindy Cameronne

Bond & Credit Company has lost its bid to bring a new claim in defence to $6 billion proceedings over the collapse of Greensill that alleged the financial services company failed to disclose its “moral hazard” behaviour of being dishonest with insurers.

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Judge says colleague’s recusal decision in Sunshine Loans case ‘most unusual’
Appeals 2024-08-06 11:08 pm By Andy Sidler

The Full Court is set to weigh in on whether judges who make adverse findings on credibility during the liability phase of a hearing should recuse themselves from determining penalty, an issue which a judge has said may require a new court protocol.

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Mercer Super hit with $11.3M penalty in first ASIC greenwashing case
Environment 2024-08-02 1:57 pm By Sam Matthews

A judge has ordered Mercer Superannuation to pay $11.3 million for “reckless, if not deliberate” representations about so-called sustainable investment options that included investment in oil and gas companies, including BHP and Origin Energy. 

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