Most Recent
Judge slams ASIC’s case against Worrells partner
Restructuring & Insolvency 2020-10-29 4:57 pm By Cat Fredenburgh

A judge has set aside the pleadings in ASIC’s case accusing a Worrells liquidator of aiding and abetting the illegal phoenix activity of collapsed Queensland property investment advisor Members Alliance Group, saying he is entitled to a “coherent pleading”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ACCC takes Agrison to court over warranty representations
Competition & Consumer Protection 2020-10-27 10:49 pm By Cat Fredenburgh

The consumer watchdog has filed court proceedings against agricultural equipment supplier Agrison for allegedly misleading tractor purchasers about its warranties and after-sales services.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC deputy chair Daniel Crennan resigns over $70,000 rental payments controversy
ASIC 2020-10-26 1:26 pm By Christine Caulfield

Australian Securities and Investments Commission deputy chair Daniel Crennan has quit his post after questions emerged over $70,000 in rental assistance payments to the regulator’s enforcement head.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

CBA fined $150,000 for increasing problem gambler’s credit card limit
Financial Services 2020-10-23 5:30 pm By Christine Caulfield

The Commonwealth Bank of Australia has been fined $150,000 after a Federal Court judge found the bank had breached the law by increasing a problem gambler’s credit card limit but that the conduct was “not systematic, deliberate or covert”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Clive Palmer’s $21M offer to drop 14 lawsuits rejected by Coolum villa owners as ‘insane’
Class Actions 2020-10-23 3:56 pm By Miklos Bolza

An offer by billionaire Clive Palmer to pay $21 million for all remaining shares in villas at the Palmer Coolum Resort in Queensland and drop 14 lawsuits over resort ownership has been rejected by villa owners.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC chair James Shipton steps aside pending review of relocation expenses
ASIC 2020-10-23 1:30 pm By Christine Caulfield

ASIC chairman James Shipton has temporarily stepped aside pending an independent review of $118,000 in payments made to the regulatory head linked to his relocation from the US in 2018.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Mayfair’s Mawhinney can’t stop trial prep in ASIC cases
Financial Services 2020-10-22 4:57 pm By Miklos Bolza

James Mawhinney, director of the besieged Mayfair Group, has lost his bid to slow down two proceedings filed by ASIC which he claims will have a “catastrophic” effect on his business, staff and investors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ACCC takes Fuji Xerox to court over ‘unfair’ contract terms
Competition & Consumer Protection 2020-10-22 1:45 pm By Cat Fredenburgh

The consumer watchdog has filed court proceedings against Fuji Xerox alleging the Japanese print giant’s standard form contracts with small businesses contain a bevvy of unfair contract terms that could cause them harm.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

AUSTRAC’s record $1.3B penalty for Westpac’s money laundering breaches wins court OK
AUSTRAC 2020-10-21 2:50 pm By Christine Caulfield

A judge has given the greenlight to AUSTRAC’s $1.3 billion penalty against Westpac over the bank’s 23 million breaches of money laundering and counter-terrorism laws, the biggest regulatory fine ever paid by an Australian company.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Societe Generale hit with $30,000 penalty for criminal breaches of client money rules
Financial Services 2020-10-21 1:08 pm By Christine Caulfield

The Australian unit of French investment bank Société Générale must pay a $30,000 penalty after pleading guilty to four counts of breaching client money handling rules.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?