Latest civil penalty News

FMA publishes 2021 annual report
Statewide Superannuation to pay $4 million penalty for misleading correspondence to members
Operation of Financial Services and Credit Panel
ASIC sues OnePath for fees for no service misconduct
Jam Land remediation determination affirmed
ASIC civil penalty proceeding relating to ANZ’s Breakfree package and offset calculations
ASIC sues ANZ for misleading customers and failing to provide promised benefits – final Royal Commission investigation
Westpac and ASIC reach agreement on six regulatory matters
ASIC launches multiple legal actions against Westpac
NatRoad Calls For Unfair Contracts Bill To Be Brought On 29 November
ASIC proceeding relating to home loan application documents provided by unlicensed third parties
NatRoad Calls For Unfair Contracts Bill To Be Brought On
ASIC sues MLC Life Insurance for multiple insurance failures
ASIC sues MLC for multiple insurance failures
ACMA issues formal warning to Tabcorp for online in-play betting
ASIC sues timeshare company Ultiqa for poor financial advice outcomes
ASIC commences proceedings against Ferratum Australia for charging prohibited credit fees
CBA pleads guilty to criminal charges for mis-selling consumer credit insurance
ASIC sues former Freedom Insurance director and consultant over insurance sales incentive programs
ASIC sues debt collection company for breaching consumer credit protection laws
IAG acknowledges proceedings commenced by ASIC
ASIC launches Federal Court action and calls on general insurers to review pricing practices
ASIC commences proceedings against superannuation trustee Diversa Trustees Limited
Dairy Farmers Milk Co-operative pays penalty for alleged Dairy Code breach
ASIC commences civil penalty proceedings against La Trobe Financial Asset Management Ltd
OAIC 2020 highlights infographic
ASIC takes action against Union Standard International Group and its former corporate authorised representatives
ASIC commences proceedings against iSignthis and its managing director Nickolas John Karantzis
ASIC commences proceedings against CBA for overcharged interest – Royal Commission case study
Nafara Australia Pty Ltd fined $13,320 for alleged unlawful importation of medical face masks in relation
Sydney man fined $2,664 for alleged unlawful importation of medical face masks in relation to COVID-19
Crackdown on Unfair Contract Terms to protect small businesses
Penalties to be introduced for unfair contract terms
Corporate criminal liability: complex, unruly and uncertain
Court imposes $90,000 penalty on former Tennis Australia director Harold Mitchell
Manningham Corporation Pty Ltd fined $13,320 for alleged unlawful importation of medical face masks
Notice published by order of Federal Court of Australia – ANZ found to have engaged
ASIC secures consumer remediation of over $10 million from Allianz for travel insurance
Company fined $500,000 for unlawfully importing of synthetic greenhouse gas
Pharmacist fined $2,664 for alleged unlawful importation of medical face masks in relation to COVID-19
ASIC Annual Report 2019-2020
Westpac and AUSTRAC agreement approved by Federal Court
Westpac ordered to pay $1.3 billion penalty
NAB ordered to pay $15 million for dealing with unlicensed home loan Introducers
Action over alleged market sharing cartel in overhead crane industry
Appointment of Commonwealth Queen’s Counsel
ASIC and Volkswagen Financial Services Australia settle Federal Court proceeding
Court finds in ASIC’s favour against Antares Energy and finds that former director James Cruickshank breached