Feud over app notice in $7M CBA case could shift balance towards higher penalties
ASIC 2021-07-29 4:08 pm Sydney
A judge weighing a dispute between ASIC and the Commonwealth Bank over whether notice of a $7 million penalty should be sent out through the bank’s Commbank app has questioned the usefulness of adverse publicity notices and whether they should be ditched for higher pecuniary penalties in the future.