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Sydney financial advisor hit with $14.5M class action by Chinese investors
A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
Former director of internet company gets 6 years in jail for fraud
The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.
ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.
STA Travel makes admissions in ACCC case over hidden fees
The Australian Competition and Consumer Commission's case alleging STA Travel hit customers with $1 million in hidden fees and commissions through an add-on that purported to cover the cost of flight changes will go straight to a penalties hearing after the student travel agent made admissions.
Royal commission class actions keep rolling in, one year after Hayne report
A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.
Bed Bath N’ Table casual’s shifts were regular enough for unfair dismissal protection, FWC says
A casual worker at Bed Bath N' Table worked shifts that were sufficiently regular for her to bring an unfair dismissal claim against the homewares retailer, the Fair Work Commission has ruled.
Seven beats off defamation suit over Today Tonight segment on ‘dodgy’ used-car salesman
A judge has dismissed a defamation case brought over a Today Tonight report that featured a violent confrontation of an Adelaide used-car salesman who allegedly ripped off a customer.
Melbourne dermatologist wins ugly fight with Johnson & Johnson over beauty cream trade mark
The owner of a Melbourne-based dermatology clinic has come out on top in a battle with Johnson & Johnson over a trade mark for creams and cosmetic products.
Commonwealth Bank’s Colonial First State hit with fourth class action
Commonwealth Bank's wealth management unit Colonial First State Investments faces a new class action on behalf of hundreds of thousands of customers who were allegedly charged excesssive premiums on insurance policies.
Deliveroo defends against wage theft case, says rider admitted he was a contractor
Online food delivery platform Deliveroo has defended its business model in a wage theft case brought by a former delivery rider, saying he acknowledged he was an independent contractor when he signed up.