Financial Services Non-bank lender Firstmac hit with $8M penalty for DDO breaches. The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.

Jan 21, 2025 · Legal fees are set to eat up more than half of the $3.5 million settlement sum in a class action over deaths allegedly caused by negligent care at a NSW aged care facility during the COVID-19 pandemic.

Oct 9, 2023 · As the federal government mulls changes that would make lawyers subject to Australian’s anti-money laundering and counter-terrorism financing regime for the first time, the Law Council of Australia says a new report shows that risks can be addressed without imposing “an extreme, disproportional and potentially damaging AML/CTF regime.”

Dec 2, 2024 · The judge overseeing class actions against Uber has approved a $271.8 million settlement, which includes an $82 million deduction for the funder and $39 million for the firm that ran the cases.

Jan 3, 2025 · The federal government has released a discussion paper on the use of legal professional privilege claims in Commonwealth investigations amid concerns that such claims are being deployed “improperly,” outlining possible reforms including the appointment of special LPP registrars to resolve disputes.

Jan 16, 2025 · The valuer general of Victoria has told the High Court that a property in Melbourne’s CBD should be valued at $6.2 million rather than $2.9 million, despite a heritage constraint on development.

Jan 23, 2025 · Breaking news and analysis on Australia’s biggest law firms from Lawyerly.

Jan 13, 2025 · Add-on insurance class action against Allianz settles for $170M; Law firms faced wrath of clients, employees in 2024; Lawyer who acted for both sides in employment spat struck from roll

Jan 20, 2025 · Developer Schofields has won $20 million from the New South Wales government after the state failed to provide an easement or road access to land it owned for more than two years after acquiring a neighbouring lot.

Jan 10, 2025 · A long-running discrimination case by a former ANZ lawyer who alleged the bank’s work environment was hostile to pregnant women has been thrown out by VCAT.