ASIC’s proposed $5M penalty against CBA ‘on the light side’, judge says

ASIC 2020-06-04 12:33 pm By Miklos Bolza | Sydney

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A judge has questioned ASIC’s proposed $5 million penalty against the Commonwealth Bank of Australia, saying it was “on the light side” for the bank’s conduct in overcharging $8 million in fees on its agricultural products.

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