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A former MWL Financial adviser has been banned for three years for advising clients to invest most of their super in risky classes of the Shield Master Fund, after ASIC agreed to a reduction in the suspension in proceedings before the ART.
Richard White and his anti-money laundering software company Kyckr have hit back at an unfair dismissal case by the company's former chief technology officer, claiming she was terminated for “longstanding performance issues”.
The Australian Competition and Consumer Commission has opened a phase 2 review into animal drug company Zoetis' proposed acquisition of Neogen's global animal genomic testing business, saying it would substantially lessen competition in the market for animal gene testing services.
Coles has asked a tribunal to clear its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie, arguing the ACCC's finding that it would substantially lessen competition was "not objectively correct".
Origin Energy has agreed to refund over $270,000 to 4,500 customers on its 'Ongoing Saver' residential electricity plan who were charged more than they would have been on the company's 'Basic' plan.
A judge has restrained the receivers of Kimberley Pearl Tours from selling the key assets of the business, finding that the WA tourism company has a reasonably arguable case that they were appointed in bad faith to exert pressure on the company.
A new ban on unfair trading practices could significantly broaden the scope of consumer class actions, with experts predicting plaintiff firms will use the reforms to pursue claims over conduct that has until now fallen outside the reach of misleading or deceptive conduct laws.
Counsel representing a class action on behalf of thousands of Aussie Home Loan customers has told a trial judge brokers "planted seeds" to convince customers they needed to take out worthless mortgage protection insurance.
A class action on behalf of defence force members over alleged defective combat earplugs manufactured by 3M has won its bid for a further six months to serve its case, filed almost two years ago.
A judge has ordered advice platform JustAnswer to pay $10 million in the consumer regulator's case over misleading claims about its subscription service.