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ClearLoans hit with $6M penalty in ASIC’s first COVID-19 case
Personal lender ClearLoans and its parent company have been hit with $6 million in penalties for violating consumer credit protections laws, including by failing to respond to financial hardship notices from debtors during the height of the COVID-19 pandemic.
Reporter details ‘sexist culture’ of Ten’s Canberra bureau
Journalist Tegan George has reworked her sex discrimination case against Network Ten, claiming the Canberra bureau had a culture that was “sexually hostile, demeaning and oppressive”.
Melbourne doctor whose WFH request was denied loses discrimination suit
A Melbourne doctor who was not allowed to work from home following an injury has lost his disability discrimination suit against his former employer, and was ordered to pay over $570,000 to the practice for his absences.
Sparke Helmore wins reversal of $285,000 negligence judgment
An appeals court has thrown out a $285,000 negligence judgment against Sparke Helmore over two sales contracts worth $1.5 million and rejected a NSW developer’s attempts to squeeze the law firm for a heftier damages bill.
Appeals court asked to decide if GCO can ‘travel’ in Arrium class action
A judge has referred to an appeals court the question of whether a group costs order can "travel", as KPMG continues to push to transfer a shareholder class action over the collapse of mining company Arrium to New South Wales.
TFS pelvic mesh class action reaches partial settlement
A class action filed on behalf of women injured by allegedly defective pelvic mesh products has reached a settlement with the insurer of defunct device maker TFS Manufacturing.
Full Court urged to toss ASIC’s ‘fatal’ appeal in CBA conflicted remuneration case
The Commonwealth Bank of Australia has urged the Full Court to toss ASIC's challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.
BCC loses appeal over $8M trade credit policy to Phoenix financier
Insurer Bond & Credit Company has lost its appeal of a decision ordering it to indemnify an Australian non-bank lender that provided $8 million in trade finance to companies in Phoenix Group shortly before its collapse.
Landmark Santos greenwashing case to centre on meaning of ‘clean’
A case brought by a shareholder advocacy group accusing Santos of misleading the market by ‘greenwashing’ its environmental credentials will centre on the meaning of the word ‘clean’, a court has heard.
Broker loses appeal of 2014 banning order, again
A mortgage broker has lost his challenge to a tribunal’s decision to uphold a lifelong ban by the Australian Securities and Investments Commission.