All posts tagged "ASIC Act"
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655AML / KYCAustralia: FSC Calls for Measures to Stop Online Scam Ads
The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.
May 23, 2022 -
358Australia & NZWestpac Penalised in Consumer Credit Insurance Mis-selling Case
Westpac issued consumer credit insurance policies to customers who did not request the product, then asserted a right to payment which customers were not liable for.
April 8, 2022 -
440Australia & NZACCC Launches Court Proceedings Over Crypto Ads on Facebook
The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.
March 24, 2022 -
476Australia & NZAustralian Court Orders Super Trustee to Pay A$20m
Aware Financial Services Australia charged over 25,000 customers over AUD 50 million in fees for financial services it did not provide.
February 23, 2022 -
257Australia & NZANZ Faces Class Action for Over Credit Card Interest Charges
The class action alleges ANZ contravened the ASIC Act by charging retrospective interest and interest on purchases that were paid off in a timely manner.
December 9, 2021 -
369Australia & NZAustralian Court Fines Colonial First State for Misleading Members
The court said Colonial First State Investments engaged in a 26-month "concerted campaign" that sought to take advantage of members.
October 20, 2021 -
349Australia & NZAustralia: Members Equity Bank Facing 62 Criminal Charges
ASIC says ME Bank made false or misleading representations about interest rates and repayment amounts to home loan clients.
September 15, 2021 -
237Australia & NZAustralian Court Orders BOQ to Replace Unfair Contract Terms
Bank of Queensland has been ordered to replace unfair contract terms in all standard form contracts with small business customers entered into from November 2016.
August 16, 2021 -
275Australia & NZASIC Sues Austal Over Breach of Continuous Disclosure Obligations
Major shipbuilder Austal breached its continuous disclosure obligations in 2016 by failing to disclose a material change in its prior earnings guidance, ASIC says.
June 17, 2021 -
257Australia & NZ
ASIC Files Criminal Charges Against ME Bank
ME bank made "false or misleading" representations in home loan customer communications and failed to give timely notice of changes to the loan terms.
May 29, 2021
