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Search ResultsShowing 1 - 10 of 100+ results for "Federal Court"
Westpac to face court over insider trading
JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... billion deal with AustralianSuper and a group of IFM entities. Westpac will face off against the regulator in the Federal Court on allegations of insider trading, unconscionable conduct and breaches of its AFSL obligations in relation to interest rate ...
Westpac settles life insurance class action
ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... is capped at $30 million, and Westpac said in an announcement to the ASX that the settlement is still subject to Federal Court approval. Shine Lawyers head of class actions Jan Saddler said the settlement is a great outcome for the class action members. ...
Rest launches low-cost SRI option
JAMIE WILLIAMSON  |  TUESDAY, 20 APR 2021
... and gas, or lease, mine or process coal and coke are also excluded. Development of the option follows the landmark Federal Court case brought against Rest by its member, Mark McVeigh. After more than two years, the case was dismissed as Rest agreed to ...
Mawhinney banned for 20 years
ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ...
NAB MySuper class action heads to Federal Court
JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
Maurice Blackburn's class action against MLC Nominees and NULIS Nominees has moved to the Federal Court, following a decision late last year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf ...
Commonwealth seeks to stop bond class action
ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... seeking to hold the Australian government to account over climate change risks, through a class action filed in the Federal Court last year. Yesterday, the court made orders setting out how the case will proceed. The court heard the Commonwealth wants ...
Junk insurance lands Westpac in court
KARREN VERGARA  |  THURSDAY, 8 APR 2021
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...
CBA to pay $7m for overcharged interest
ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to ...
DDO to simplify general, personal advice
ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
The outcome of the High Court decision on general advice will have an interesting and simplifying effect on the design and distribution obligations coming into effect later this year, according to a lawyer. Speaking at a Financial Services Council (FSC) ...
Mayfair found to have misled
ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
ASIC's court action against Mayfair 101 has been successful, with the Federal Court finding its advertisements for debenture products were misleading. The court found Mayfair Wealth Partners trading as Mayfair Platinum, Online Investments trading as ...
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