Two home finance companies and their father-son directors have been hit with $150,000 in penalties after a judge found they failed to cooperate with the Australian Financial Complaints Authority in an ASIC enforcement action and subjected AFCA staff to āinappropriate and unprofessional behaviour.ā
Gold Coast āfinfluencerā Tyson Scholz provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and āBlack Wolf Pitā chat room, a judge has found.
ASIC has lost a case accusing the Commonwealth Bank of Australia of hitting customers with $55 million in unauthorised fees, with a judge finding that nearly 1 million customers charged the fees should have known that even banks “sometimes make mistakes”.
A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.
The self-declared āwolf traderā of the Gold Coast, Tyson Scholz, has won his bid to exclude ASICās evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.
A judge has thrown out competing appeals of a decision finding Pfizer’s patent for its post-operative injectable painkiller Dynastat is valid and that Australian drug maker Juno Pharmaceuticals infringed the patent by selling generic versions of the drug in Australia.
Two receivers for unlicensed investment scheme A One Multi Services have lost their bid to have 85 per cent of their future remuneration paid out immediately, with a judge agreeing with the corporate regulator that the receivers should not have āwhat are in effect trust fundsā.
Brisbane fintech Sniip Limited has filed a lawsuit against American Express Australia, claiming millions in damages after the payments giant allegedly breached a contract to provide card members with BPAY bill payments services.Ā
A judge has found that financial advisers acting for Ultiqa Lifestyle Promotions gave advice against the best interests of consumers, cornering them into investing thousands of dollars into a timeshare scheme that many could not afford.
A former truck driver for Cooloola Milk who claims he was fired after asking about overtime pay has won his legal challenge to a decision finding that he was a casual employee and not entitled to protections against dismissal.