ASIC Questions Evidence Behind Costlier Mortgage Recommendations
A review of eight major broker groups finds gaps in evidence supporting higher-cost loans and in complaints handling.
1 min
Court Cast Coverage
Australia
ASIC Halts Retail Offers in Ares Credit Fund
ASIC’s interim order questions the fund’s target market and restricts retail distribution for 21 days.
1 min
ASIC Proposes Decade-Long Extension of Retail CFD Safeguards
Australia’s corporate regulator wants to extend retail CFD protections for ten years and close gaps involving options, digital assets and margin netting.
2 min
Australia’s High Court Halts Mount Pleasant Coal Expansion
A divided High Court upheld the invalidation of a New South Wales mine expansion because its approval did not properly address overseas emissions.
2 min
Australia Opens Counterterrorism Inquiry Into Flydubai Co-Pilot
Australian authorities are examining the local connections of the flydubai co-pilot accused in a cockpit attack.
2 min
Australian Court Reshapes Pint Club Creditor Deal
The Federal Court held that insolvency law allowed it to bind old and new creditors to an amended deed.
2 min
Australian Court Rejects Cleaning Sham-Contracting Case
The Federal Court dismissed the regulator’s case after finding the company was not the entity that engaged the cleaners.
2 min
ASIC Extends Client-Money Relief Until 2031
Australia’s corporate regulator has preserved rules allowing licensed financial firms to place client money in registered cash common funds.
1 min
Australia Ends Card-Payment Surcharges Nationwide
Businesses may no longer add payment-method surcharges to major credit, debit and prepaid cards.
1 min
IAG Settles Credit Suisse’s A$2.8 Billion Greensill Insurance Claim
Insurance Australia Group has settled Credit Suisse’s A$2.8 billion claim over insurance policies linked to the collapse of Greensill Capital, removing one of the largest remaining pieces of litigation from the supply-chain financier’s failure.…
1 min
