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Showing 171 - 180 of 394 results for "Justice"

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... advised into Mayfair products through licensees that are AFCA members. But he acknowledged there is still an access to justice problem for consumers - one that can probably only be solved by the compensation scheme of last resort coming into effect. ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... "Scrapping safe lending will land many people with large debts they can't afford and take away their ability to receive justice. "This contradicts the very first recommendation of the Banking Royal Commission - to leave safe lending laws intact."

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... Commonwealth Bank of Australia has agreed to these admissions when it hasn't contravened the law." In concluding, Justice Anderson said he would not be ordering mediation. "If they think it's possible to settle the matter, then I don't think ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... consumers should go to AFCA themselves rather than pay a fee. "When handing down the findings of the Royal Commission, Justice Kenneth Hayne captured the sentiment of the hearings in one word - greed," Stackpool told Financial Standard. "Remediator charges ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... insurers have with their policyholders. It fundamentally underpins the trust which consumers place in their insurers." Chief Justice Allsop found TAL, on receiving the claim, did not tell the policyholder that it was going to investigate old medical ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... its founder Terry McMaster have been ordered to pay over $1.4 million in penalties by the Federal Court of Australia. Justice O'Bryan imposed a $1.2 million penalty on the defunct financial advice firm based on 19,402 contraventions brought against ...

State Street loses Fearless Girl replica claim

KANIKA SOOD  |  TUESDAY, 2 MAR 2021
... the two superannuation funds. The last hearings were held in February 2020, but the court only made orders last week. Justice Beach has ordered State Street's principal claims had failed, but still must make orders about the Fearless Girl replica ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of interest on business overdraft ...

PNG super fund to evict settlers

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JAN 2021
... 2020, the court ruled in Nambawan Super's favour, saying those living there must vacate within 120 days, or by March 16. Justice Anis said the settlers had been led to believe they were buying land from the traditional owners when in fact the land is ...

Mayfair 101 heads to mediation

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... opportunity to do so." "We have been completely singled out and our investors are collateral damage from ASIC's approach." Justice O'Callaghan ordered that the parties attend mediation in January 2021, in the event that a resolution is not reached the ...