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Westpac units won’t defend ASIC fees for no service case
Two Westpac units have made admissions and said they would not defend proceedings brought by the Australian Securities and Investments Commission over fees charged for services that were not provided to hundreds of financial advice customers.
Judge winds up unregistered Askk land banking scheme that raised $11M
A court has ordered the winding up of Askk Investment Group and the unregistered managed investment scheme it operated in Beveridge, Victoria, that raised more than $11 million from investors.
Backpacker’s tax not discriminatory, appeals court finds
The Australian Taxation Office has won its appeal of a ruling that found that a 15 per cent ‘Backpacker's Tax’ imposed on holders of Australian working holiday visas was unlawful.
iSignthis lawsuit fails to plead how ASX caused $27M in losses, court finds
A lawsuit by iSignthis seeking over $27 million in damages from the ASX has been sent back for revision, after a judge found the fintech had failed to causally link how a report by the exchange led to lost contracts with five clients.
Kogan misled customers with tax promotion, court finds
The Australian Competition and Consumer Commission has succeeded in its case against Kogan, with a judge finding statements the online retailer made during a 2018 promotion were misleading and drew consumers into the company's "marketing web".
ISignthis seeks $27M in damages from ASX
ISignthis is ramping up its battle against the ASX, seeking court approval to amend its lawsuit against the exchange to seek more than $27 million in damages for its alleged misleading and deceptive conduct.
Binary options trader hit with $1.8M penalty for ‘systemic’ exploitation
A Marshall Islands-based binary options trader has been hit with a $1.8 million penalty after a judge found it engaged in the "deliberate deception of vulnerable people".
Maurice Blackburn loses appeal over bushfire class action tax bill
Maurice Blackburn has come up short in its challenge to a multimillion dollar tax bill for a record settlement payout in the Black Saturday bushfire class actions.
ISignthis can’t keep lid on ‘damaging’ ASX findings
ISignthis has come up short in its courtroom bid to block publication of the Australian Stock Exchange's "damaging" reasons for suspending its shares.
ISignthis fights to keep lid on ‘damaging’ ASX findings
Publication of a document outlining the Australian Stock Exchange’s reasons for suspending the shares of ISignthis would be ‘damaging’ to the fintech company and should be barred until after the trial, a court has heard.