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The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.
The Australian Competition and Consumer Commission's case alleging STA Travel hit customers with $1 million in hidden fees and commissions through an add-on that purported to cover the cost of flight changes will go straight to a penalties hearing after the student travel agent made admissions.
A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.
A casual worker at Bed Bath N' Table worked shifts that were sufficiently regular for her to bring an unfair dismissal claim against the homewares retailer, the Fair Work Commission has ruled.
A judge has dismissed a defamation case brought over a Today Tonight report that featured a violent confrontation of an Adelaide used-car salesman who allegedly ripped off a customer.
The owner of a Melbourne-based dermatology clinic has come out on top in a battle with Johnson & Johnson over a trade mark for creams and cosmetic products.
Commonwealth Bank's wealth management unit Colonial First State Investments faces a new class action on behalf of hundreds of thousands of customers who were allegedly charged excesssive premiums on insurance policies.
Online food delivery platform Deliveroo has defended its business model in a wage theft case brought by a former delivery rider, saying he acknowledged he was an independent contractor when he signed up.
Crown Resorts has successfully challenged a ruling allowing law firm Maurice Blackburn to communicate with 18 formerly jailed employees to gather evidence in its shareholder class action against the casino giant.
Two National Australia Bank units have been hit with a class action alleging they violated their duties as superannuation trustees by allegedly failing to transfer members to funds with lower fees.