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ASIC sues online lender Sunshine Loans over ‘prohibited’ fees
Financial Services 2022-06-07 12:53 pm By Sam Matthews

The Australian Securities and Investments Commission has sued Queensland-based Sunshine Loans for allegedly charging over $320,000 in prohibited fees.

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BSA wants to ringfence capital raisings from $20M class action settlement
Class Actions 2022-06-06 4:21 pm By Sam Matthews

Telco contractor BSA has sued for declarations that cash raised from its 2022 prospectus cannot go towards a $20 million settlement reached with group members in a Shine Lawyers-led class action accusing the company of misclassifying its workforce of technicians as independent contractors.

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Claims against Macquarie Leasing dropped in ANZ flex commissions class action
Class Actions 2022-06-06 12:26 pm By Sam Matthews

Macquarie Leasing has been let off the hook in a class action alleging that a flex commissions scheme by ANZ’s former car finance business encouraged dealers to set car loan rates far in excess of base rates in exchange for large kickbacks.

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Parties in aluminium JV locked in court battle over Russian sanctions
Energy & Natural Resources 2022-06-03 9:35 pm By Sam Matthews

Russian sanctions imposed by former Foreign Affairs Marise Payne have thrown a spanner in the works for an Australia-based international joint venture between the world’s biggest aluminium companies.

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Justice is colour-blind: Loss for Nick Scali not indictment on white furniture, says VCAT
Competition & Consumer Protection 2022-06-03 3:54 pm By Sam Matthews

Nick Scali has been ordered to refund a disgruntled customer $1,600 for a white leather chair that discoloured mere months after use.

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‘Complicated and difficult’: Court grapples with crowdfunding in Dutton defamation appeal
Defamation 2022-06-03 4:29 pm By Cindy Cameronne

A judge has questioned how the court will award costs in refugee activist Shane Bazzi’s successful appeal against coalition leader Peter Dutton, saying crowdfunding for the activist’s legal costs made the issue “complicated and difficult”.

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Pitcher Partners wants $127M Twigg family lawsuit heard in Victoria
Financial Services 2022-06-03 4:54 pm By Cindy Cameronne

Pitcher Partners has filed a bid to transfer a $127 million lawsuit brought by the Twigg family alleging the accounting firm helped Max Twigg misappropriate $127.8 million in family trust money for himself.

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Property developer Sasha Hopkins to face ASIC grilling
Real Estate 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team Property Group.

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Philips Electronics fined $133,200 over deteriorating sleep machines
Healthcare 2022-06-03 5:53 pm By Cat Fredenburgh

Philips Electronics has been fined $133,200 for failing to provide timely notice to the country’s health regulator of deterioration in its sleep machines, after being hit with a class action lawsuit over degrading foam in the devices.

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Class action by online traders wants CMC on hook for 10 years of losses
Class Actions 2022-06-02 4:36 pm By Sam Matthews

Online trading company CMC has been hit with a class action by investors seeking to recover 10 years’ worth of “significant” losses incurred while trading risky financial products on its mobile and web-based platforms.

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