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NAB super trustee entitled to pay adviser commissions, class action judge says
Class Actions 2024-12-03 4:32 pm By Cindy Cameronne

In the latest class action loss, a judge has found $165 million in fees charged to members by NAB super fund trustee NULIS Nominees was corporate revenue “with which it was free to deal as it saw fit”.

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Builder and developer off hook for $3M in fire safety repairs
Construction 2024-12-03 11:39 pm By Andy Sidler

A Bechara family-affiliated builder and developer of a 99-lot residential building in a Sydney suburb have avoided liability for $3 million in fire safety rectification costs.

Coles, Woolworths say price increases were genuine, and so were the discounts
Competition & Consumer Protection 2024-12-03 5:32 pm By Julia Kanapathippillai

Hitting back at the regulator’s claims of dodgy sales promotions, Coles and Woolworths say price increases were the result of real cost pressures, and subsequent discounts were not illusory.

Start-up denies ex-Fortescue employees developed green iron process on company dime
Intellectual Property 2024-12-03 11:10 pm By Cindy Cameronne

Start-up Element Zero has denied allegations that three former Fortescue employees, including one executive, misused confidential information and developed a process for green iron on the company dime.

In class action defence, Toyota says ‘defeat device’ used to protect engines
Competition & Consumer Protection 2024-12-03 11:47 pm By Andy Sidler

Toyota has denied a class action’s claims that devices installed in its vehicles were intended to cheat emissions tests, maintaining that they were designed to protect engines from damage.

Solve My Debt Now to admit liability in ASIC proceedings
Financial Services 2024-12-03 11:43 pm By Andy Sidler

Debt management business Solve My Debt Now will admit liability in proceeding by the Australian Securities and Investments Commission alleging customers were worse off after using its services. 

Class action against NAB super fund trustee fails
Class Actions 2024-12-02 11:24 pm By Christine Caulfield

A class action against NAB unit NULIS Nominees over adviser fees charged to superannuation fund members should be dismissed, a judge has found.

Property investment firm found negligent for Perth development promises
Real Estate 2024-12-03 11:13 pm By Christine Caulfield

A court has found that investment mentoring firm The Property Mentors made misleading statements to investors about the estimated timeframe and returns of a failed development in Perth.

Mayor loses defamation case over Facebook post calling him a ‘crim’
Defamation 2024-12-02 4:05 pm By Julia Kanapathippillai

A defamation case over Facebook comments that described the Liverpool City Council mayor as a “grub” and a “crim” has been tossed for failing to pass the serious harm test.

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ACCC to target tech companies under proposed new rules
Competition & Consumer Protection 2024-12-02 11:16 pm By Cindy Cameronne

The Albanese government has backed recommendations that would give the ACCC increased power to target anti-competitive conduct by tech companies.

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