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Deloitte admits it has ‘expectation’ partners will retire at 62
Accounting 2021-02-09 9:10 pm By Miklos Bolza

Accounting giant Deloitte Touche Tohmatsu has admitted in a Federal Court defence that it expects its partners to retire at the age of 62, but it says there is no obligation for partners to depart the firm at that age.

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Macquarie appeals $330,000 penalty for ‘defective and deficient’ adviser pay system
Financial Services 2021-02-09 6:53 pm By Christine Caulfield

Macquarie Bank is challenging a ruling that it pay $330,000 in pecuniary penalties after it was found to have underpaid a group of former financial advisers because of a “defective and deficient” payment system.

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Soul Pattinson seeks to appeal $1.1M ruling for former finance director
Employment 2021-02-09 6:44 pm By Christine Caulfield

Investment house Washington H. Soul Pattinson is fighting a ruling that it owes its former finance director over $1.1 million in damages after the ASX 100-listed firm terminated the executive without notice and failed to pay out entitlements.

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Westpac fires back in class action, says car loan borrowers could have shopped around
Financial Services 2021-02-09 4:26 pm By Spencer Fowler Steen

Westpac has hit back at a class action accusing it of colluding with car dealers on a “shonky” car loan scheme that allowed them to hike up interest rates to earn higher commissions, saying consumers could have shopped around for a better deal.

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Tandem gets OK to file rare class action cross-claims against group members
Class Actions 2021-02-09 3:31 pm By Miklos Bolza

A judge has allowed a unit of recruitment firm Tandem to file cross-claims against individual group members in an underpayment class action, in a rare move that may spark important changes in representative proceedings.

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TGA orders ex-senator David Leyonhjelm to take down misleading COVID tweets
COVID-19 2021-02-09 1:38 pm By Spencer Fowler Steen

The TGA has ordered former senator and vet David Leyonhjelm to take down misleading tweets spruiking a medication used to treat parasite infestations in horses as “probably the most economical source” to treat COVID-19.

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Mobile retailer TeleChoice faces class action over contract spat with Optus
Class Actions 2021-02-08 6:58 pm By Miklos Bolza

A class action by franchisees against mobile and internet retailer TeleChoice will return to the Victoria Supreme Court next week as group members seek commissions they allege have been withheld while the company battles separate litigation against Optus.

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Goodman Fielder wins ‘La Famiglia’ trade mark dispute
Intellectual Property 2021-02-08 2:58 pm By Spencer Fowler Steen

Australasian food company Goodman Fielder has successfully challenged a bid by Conga Foods and an Italian pasta producer to register the ‘La Famiglia’ trade mark for pasta products.

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Fairfax out of pocket $2.4M after being hit with indemnity costs in Elaine Stead defamation case
Defamation 2021-02-08 2:42 pm By Miklos Bolza

Nine-owned Fairfax will have to pay out over $2 million in legal fees after being hit with indemnity costs on top of a $280,000 judgment in its defamation spat with venture capitalist Dr Elaine Stead for its “Micawber-like” approach to the case.

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Judge rejects class closure bid ahead of mediation in On The Run class action
Class Actions 2021-02-08 12:35 pm By Miklos Bolza

A judge has rejected a class closure order application by the lead applicants in a class action against convenience store chain On The Run ahead of mediation, finding that the court does not have power to make such an order at a “relatively early” stage in a class action.

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