Optus faces $10m in penalties for allegedly misleading customers

Optus faces $10m in penalties for allegedly misleading customers

The Australian Competition and Consumer Commission (ACCC) is looking to hit Optus with $10 million in penalties after the telco allegedly mislead customers in relation to its third-party billing service. The ACCC's investigation uncovered that from April 2014 Optus' third-party billing service (known as 'Direct Carrier Billing...

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Slater & Gordon launches 'Get Your Super Back' class action against Commonwealth Bank

Slater & Gordon launches 'Get Your Super Back' class action against Commonwealth Bank

Law firm Slater & Gordon (ASX: SGH) believes it could recoup more than $100 million for thousands of superannuation members through a recently launched class action against Commonwealth Bank (ASX: CBA) and its subsidiary Colonial First State. Slater & Gordon says this is the first class action of its 'Get Your Super ...

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Shine's class actions division grows with acquisition of ACA Lawyers

Shine's class actions division grows with acquisition of ACA Lawyers

Listed law firm Shine Corporate (ASX: SHJ) will spread its class action division further into New South Wales with the acquisition of ACA Lawyers. ACA Lawyers are a specialist class action firm, with expertise in litigation and dispute resolution. Shine's acquisition was effective from the 1st October, and the firm says it will be...

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Max Brenner enters voluntary administration

Max Brenner enters voluntary administration

Decadent chocolatier Max Brenner has announced it has gone into voluntary administration. The dessert chain cited rising costs and tough retail landscape as the reason behind the decision. McGrathNicol has been appointed as administrated to undertake a review of the business, with a meeting of creditors to occur within the coming days...

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ASIC review finds "unacceptable" delays by big banks in reporting breaches

ASIC review finds "unacceptable" delays by big banks in reporting breaches

ASIC is casting light once again on the poor behaviour of Australia's largest financial institutions. After several controversial issues were uncovered by the royal commission, ASIC has found further "unacceptable" delays by financial institutions in reporting, addressing and remediating significant breaches. In its late...

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ACCC scam ad warning raises concerns about 3rd party advertising

ACCC scam ad warning raises concerns about 3rd party advertising

Thanks to the proliferation of seamless advertising platforms offered by Google and Facebook, cunning scammers have dug their claws into Australia's biggest content publishers. The Australian Competition and Consumer Commission (ACCC) warns of the abundance of new scams which appear as 'legitimate' advertisements on platforms ...

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Dover Financial director taken to court for misleading clients

Dover Financial director taken to court for misleading clients

Terry McMaster (pictured) famously collapsed during a royal commission hearing in April. His company, Dover Financial Advisors, followed suit only weeks later after turning in its financial advisory license to the Australian Securities and Investments Commission (ASIC) as part of an enforceable undertaking. Now, the watchdog has commenced...

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Aged care providers tank in wake of royal commission announcement

Aged care providers tank in wake of royal commission announcement

After Prime Minister Scott Morrison announced a royal commission into Australia's aged care system the preeminent providers of the service on the ASX saw their shares take a tumble. At 12.20pm AEST Aveo is down 4.28 per cent to $2.16, Estia is down 18.3 per cent to $2.41 per share, Japara is down 14 per cent to $1.44, and Regis Health...

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ASIC to take second bite of the pie in ANZ cartel scandal

ASIC to take second bite of the pie in ANZ cartel scandal

Back in June, ANZ, Citigroup, and Deutsche Bank got caught up in a widely publicised scandal relating to alleged criminal cartel charges. The Australian Securities and Investments Commission laid charges against the banks and several senior personnel from each of the financial institutions. Today, ASIC has once again gone after ANZ fo...

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Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Controversial radio star Alan Jones has failed to defend the defamatory claims he made surrounding the 2011 Grantham floods, resulting in Australia's largest ever defamation payout of $3.75 million in damages. The Sydney shock jock and broadcaster for 2GB and 4BC radio was found to have defamed the Wagner family over 27 broadcasts mad...

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Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon is launching a full-on assault on Australia's financial institutions in a campaign to secure more than one billion dollars in super from the banks. Their campaign is called Get Your Super Back and it is shaping up to be an intensive, lengthy, and expensive battle. "Slater and Gordon will take on the banks on...

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Maurice Blackburn launches $100 million class action at Woolworths

Maurice Blackburn launches $100 million class action at Woolworths

Grocery giant Woolworths (ASX: WOW) is staring down a class action potentially worth $100 million launched by law firm Maurice Blackburn. Maurice Blackburn is alleging that Woolworths mislead shareholders in 2015 by affirming a profit guidance that could not be met without adversely affecting its competitiveness. The listed grocery gi...

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APDC and NEXTDC Supreme Court stoush dissolves

APDC and NEXTDC Supreme Court stoush dissolves

The short-lived legal battle between data centre operators NEXTDC (ASX: NXT) and Asia Pacific Data Centres ('APDC') (ASX: AJD) has come to an end. The Supreme Court of New South Wales legal proceedings, lodged against NEXTDC by APDC, have come to a quiet ending as the judge decided to not make any declarations. This determinat...

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Slater and Gordon on the long road to recovery

Slater and Gordon on the long road to recovery

Slater and Gordon (ASX: SGH) continues to cut its losses on the long claw back from the $1 billion hit it sustained at the hands of a disastrous acquisition in the United Kingdom over two years ago. The Melbourne-headquartered law firm today posted its first profit since the botched acquisition of UK business Quindell in 2015 which result...

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Financial advice institutions to refund over $800 million

Financial advice institutions to refund over $800 million

As the revelations from the Royal Commission continue to pour in, the Australian Securities and Investment Commission (ASIC) has revealed that, in total, Australian financial advice institutions will refund customers over $800 million in reparations over fees for no service (FFNS) programs. The big four banks (ANZ, CBA, NAB, and Westpac) ...

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Meriton slogged with $3m fine for misleading customers on TripAdvisor

Meriton slogged with $3m fine for misleading customers on TripAdvisor

The latest from the Federal Court might make you want to reconsider how much trust you place in TripAdvisor. Meriton was ordered on Tuesday to pay a $3 million fine for misleading customers on hotel review site TripAdvisor after engaging in the process of 'masking' email addresses. By 'masking' guests that the hotel ch...

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Europcar in ACCC bungle over alleged excessive surcharges

Europcar in ACCC bungle over alleged excessive surcharges

The ACCC has launched proceedings against Europcar in the Federal Court, alleging the car rental service has been hitting its customers with excessive credit and debit card charges. The court will hear that Europcar customers who used Visa or MasterCards during July and August 2017 incurred excessive surcharge fees, above what it cost the...

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AMP takes a swipe at 'independent' report claims

AMP takes a swipe at 'independent' report claims

Financial services giant AMP (ASX:AMP), in response to a damning investigation by Four Corners, has taken a swipe at suggestions that a report it commissioned last year by the AMP board could be construed as fully independent.

The report was prepared by law firm Clayton Utz on behalf of AMP in relation to allegations that AMP was issuing...

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Emanuel Exports' affiliate has export licence suspended

Emanuel Exports' affiliate has export licence suspended

A second live export company, closely affiliated with the company behind the tragic Awassi Express voyage, has had its export licence suspended. EMS Rural Exports has been denied a permit to ship the sheep to the Middle East, following considerable outrage from the public, press, and interested animal rights organisations. The suspens...

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"Bullshit": despite suspension, Emanuel Exports continues with live export of sheep

"Bullshit": despite suspension, Emanuel Exports continues with live export of sheep

Emanuel Exports has found a loophole to continue exporting live sheep from Australia despite its licence being suspended. The company behind the Awassi Express shipment that captured the nation's attention and spurred on significant national protest is attempting to use an associated company to send another load of sheep to the Middle...

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Class action against Comm Bank commences

Class action against Comm Bank commences

Phi Finney McDonald has officially commenced its shareholder class action against Australia's biggest bank in relation to alleged disclosure breaches. The claim, backed by some of the world's biggest institutional investors, is on behalf of shareholders that acquired CBA shares between 16 June 2014 to 3 August 2017, but is limited...

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It's all over red rover for Dover following ASIC undertaking

It's all over red rover for Dover following ASIC undertaking

Dover Financial Services will turn in its financial advisory licence at the end of next week, as an Australian Securities and Investment Commission (ASIC) investigation into the company's 'systematic failings' is ongoing. The financial services company, which was also subject to a Royal Commission grilling earlier this month, ...

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ASIC takes action against AMP for alleged failures relating to insurance advice

ASIC takes action against AMP for alleged failures relating to insurance advice

The Australian Securities and Investment Commission (ASIC) has taken embattled financial planners AMP to the Federal Court on Wednesday afternoon, claiming AMP financial planners were engaged in 'rewriting' conduct. The corporate watch dog alleges AMP has breached its obligations under the Corporations Act after claiming financial...

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Air NZ penalised $15 million for price fixing charge

Air NZ penalised $15 million for price fixing charge

The Australian Federal Court has penalised Air New Zealand (Air NZ) with a $15 million fine after the ACCC took legal action against a global air cargo cartel. The Court found Air NZ made and gave effect to agreements with other airlines to fix the price of fuel and insurance surcharges on air freight services from Hong Kong, and insuranc...

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Johnston Withers acquires Adelaide Slater and Gordon office

Johnston Withers acquires Adelaide Slater and Gordon office

South Australian based law firm Johnston Withers has acquired the Adelaide office of embattled law firm Slater and Gordon. Upon the acquisition, Johnston Withers' staff will increase to nearly 60 members as six of Slater and Gordon's lawyers and support staff are retained from the buyout. One lawyer was made redundant in the r...

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Slater & Gordon refutes ABC's allegations of "claim farming"

Slater & Gordon refutes ABC's allegations of "claim farming"

Slater & Gordon (ASX: SGH) has hit back at the ABC following Sunday's report that the law firm has been engaged in the practice of "claim farming" using data obtained by online doctor booking service HealthEngine. The ABC alleged over the weekend that Slater & Gordon had been paying a marketing firm called PreLegal $...

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Emanuel Exports suspension takes industry closer to its demise

Emanuel Exports suspension takes industry closer to its demise

The live export industry is edging precariously to its eventual demise after Australia's largest live sheep exporter Emanuel Exports had its export licence suspended. The Federal Agriculture Department suspended the live export licence of Emanuel Exports as it investigates whether the exporter has been complying with animal and livest...

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Kidnapping phone scam targets Chinese students in Australia

Kidnapping phone scam targets Chinese students in Australia

The ACCC has warned Australia's Chinese community of a recurring scam that involves threats of arrest and extortion via fake kidnappings. Having already caused victims $1.15 million worth of losses, the perpetrators appear to be targeting Chinese Australians nationwide. The terrifying scam comes in two forms but mostly threatens C...

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"Cyborg justice" for Meow-Meow in the District Court

"Cyborg justice" for Meow-Meow in the District Court

Sydney biohacker Meow-Ludo Disco Gamma Meow-Meow has officially won his plight for for "cyborg justice"  in the NSW District Court. Meow-Meow, who was fined after he implanted a NSW travel card chip into his arm, says "cyborg justice has been served" after a court overturned his conviction. The biohacker claim...

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ASIC launches legal proceedings against former Quintis managing director

ASIC launches legal proceedings against former Quintis managing director

Now defunct and previously ASX listed company Quintis is back in the firing line after ASIC announced it has launched legal proceedings against former Quintis managing director Frank Wilson. The corporate watchdog will allege that Wilson failed to discharge his duties as a director in 2017. The proceedings allege Wilson failed to disc...

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