Most Recent
ASIC brings action against Firstmac over alleged DDO breaches
Financial Services 2022-12-16 3:06 pm By Sam Matthews

In only the second case of its kind, ASIC has taken non-bank lender Firstmac to court over alleged breaches of design and distribution obligations in relation to its High Livez managed investment scheme.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ACCC accuses wealth guru Dominique Grubisa of misleading students
Competition & Consumer Protection 2022-12-16 9:53 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has taken wealth guru Dominique Grubisa and her business DG Institute to court for allegedly misleading students of their real estate investing and wealth management programs.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ING Bank ran afoul of Consumer Data Right rules, ACCC claims
Competition & Consumer Protection 2022-12-16 4:00 pm By Christine Caulfield

ING Bank has paid penalties of over $50,000 to the ACCC to resolve claims it failed to comply with the Consumer Data Right rules and misled consumers in relation to the security of its CDR service.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Finder Wallet taken to court by ASIC over ‘unlicensed’ crypto product
Financial Services 2022-12-15 5:48 pm By Cat Fredenburgh

ASIC has filed a lawsuit against Finder Wallet, a subsidiary of comparison website Finder.com, alleging the company breached various requirements in relation to its crypto product Finder Earn.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court won’t hear appeal by payday lenders Cigno, BHF
High Court 2022-12-15 8:43 pm By Cat Fredenburgh

The High Court won’t hear an appeal by payday loan providers Cigna and BHF seeking to challenge a Full Court judgment that found they can’t dodge the obligations contained in the National Credit Code through their lending model.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Medibank notified of law firm complaint to privacy commissioner
Privacy & Cybersecurity 2022-12-14 4:44 pm By Christine Caulfield

Medibank was formally notified Tuesday of a class action-style complaint brought on behalf of millions of customers in the wake of last month’s massive data breach.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘An unusual case’: ACCC gives Booktopia more time to pay $6M penalty
Competition & Consumer Protection 2022-12-14 3:16 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has agreed to grant Booktopia more time to pay a $6 million penalty over an alleged misleading refund policy, after the online book retailer suffered a “massive fall” in its share price.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Courtenay House contractor pleads guilty over $180M Ponzi scheme
White Collar 2022-12-14 9:28 pm By Sam Matthews

A former contractor of investment management fund Courtenay House who received over $670,000 in commissions from investors has pleaded guilty to two criminal charges after an ASIC investigation revealed the company duped 585 investors in a $180 million Ponzi scheme.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Star Entertainment directors, execs targeted in new ASIC action
ASIC 2022-12-13 9:24 am By Christine Caulfield

The corporate cop has named eleven current and former Star Entertainment directors and officers in a civil penalty case alleging breaches of duties in relation to the company’s non compliance with anti-money laundering laws.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Home builder admits to unfair clause banning bad reviews by customers
Competition & Consumer Protection 2022-12-13 5:11 pm By Sam Matthews

Property developer Fowler Homes has admitted that its standard contract included an unfair non-disparagement clause preventing customers from publishing negative reviews or other feedback without the company’s permission.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?