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Westpac wants court to raise the bar for ‘personal advice’ finding
Allens 2019-03-04 10:59 pm By Cat Fredenburgh

Westpac has followed ASIC’s lead, launching a separate appeal to a ruling that it provided financial advice but not personal advice as part of a campaign encouraging customers to roll over external superannuation accounts.

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ASIC mulls appeal of Westpac ‘personal advice’ ruling
Allens 2019-01-04 10:31 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has not ruled out a challenge to a ruling that two Westpac subsidiaries didn’t provide personal financial advice as part of a campaign encouraging customers to roll over external superannuation accounts.

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Judge slams class action settlement as “worst” he’s ever seen
Baker McKenzie 2018-05-25 4:06 pm By Miklos Bolza

A Federal Court judge on Friday reluctantly approved a $12 million settlement in the long-running class action against Bank of Queensland, saying it left almost nothing for those affected by the notorious Sherwin Ponzi scheme.

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