Financial Services AU
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September 08, 2026
Court Approves Warburg Pincus' $700M CreditorWatch Deal
A New South Wales Supreme Court judge has approved private equity giant Warburg Pincus' purchase of commercial credit and risk reporting services platform CreditorWatch, in a deal worth around $700 million.
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September 08, 2026
Justice Pike To Head NSW Supreme Court Class Actions
The Supreme Court of New South Wales said Justice Ian Pike has moved to the Commercial List and is now in charge of managing class actions across both the Equity and Common Law divisions, in one of five key administrative changes in effect from Monday.
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September 08, 2026
SA Law Society Opposes Gageler's National Uniform Law Push
The Law Society of South Australia President David Colovic has opposed High Court of Australia Chief Justice Stephen Gageler's calls for the Legal Profession Uniform Law to become a "truly national" system.
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September 07, 2026
Corporate Travel, PwC Face Phi Finney McDonald-Led Suit
Phi Finney McDonald said it is "well advanced" in a class action proposal against Corporate Travel Management and it's former auditor PwC Australia for allegedly misleading investors in its financial reports after the company admitted to an overcharging scandal and it's shares sunk on return to the ASX this month.
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September 07, 2026
NSW Chief Justice Warns AI Could Widen Legal Access Gaps
NSW Chief Justice Andrew Bell said he fears there is a digital divide between large firms that can afford specialised AI and the rest of the legal sector unable to keep up with the pace of change.
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September 07, 2026
Lawyers, Funder Seek $21.7M Cut Of $29M AMP Advisers Deal
Shine Lawyers, Piper Alderman and litigation funder Woodsford are seeking up to $21.75 million from a proposed $29 million class action settlement against AMP-linked financial advisers who allegedly recommended AMP insurance products to customers over cheaper alternatives, potentially leaving class members with only a quarter share of the deal.
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September 07, 2026
New APRA Deputy Says Super Needs Governance Uplift
Newly-appointed APRA Deputy Chair David Bradbury says the challenge facing the Australia's superannuation industry is ensuring an uplift in governance to match its scale as total assets surpassing $4.7 trillion.
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September 07, 2026
AUSTRAC Removes 45 High-Risk Payments Businesses
AUSTRAC has cancelled, suspended or refused to renew the registrations of 45 remittance and virtual asset businesses over the past year as it ramps up scrutiny of high-risk payment sectors.
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September 07, 2026
Ex-ASIC Deputy Kell To Review Banking Code And Watchdog
Former ASIC deputy chair Peter Kell will head an independent review into the banking code of practice and its oversight by the Banking Code compliance committee.
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September 07, 2026
Chief Justice Gageler Urges States To Adopt Uniform Law
High Court of Australia Chief Justice Stephen Gageler has called for the Legal Profession Uniform Law on professional standards to become "truly national" amid continued state-based standards.
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September 04, 2026
ASIC Probing Hundreds Of Big Four Internal Audit Complaints
ASIC is reviewing more than 550 internal complaints about audit work across the Big Four professional services firms, Chair Sarah Court told a parliamentary committee on Friday, and said it's expanding its probe into KPMG Australia around possible false or misleading information in its transparency reports.
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September 04, 2026
New NSW Justice Urges Bar To Prioritise Diversity, Well-Being
NSW Supreme Court Justice Richard Scruby used his swearing-in ceremony speech to call for stronger diversity and mental health awareness across the New South Wales bar while upholding current court standards.
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September 04, 2026
KPMG Denied Privileged Expert Docs In Arrium Class Action
The Victorian Supreme Court judge overseeing a shareholder class action alleging mining company Arrium Ltd issued misleading financial reports has rejected auditor KPMG's bid to access draft versions of a plaintiffs' expert report, saying the shareholders hadn't waived legal privilege over those drafts.
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September 04, 2026
RBA Sees "No Clear Public Interest Case" For Digital Currency
The Reserve Bank of Australia and Treasury said that there is "no clear public interest case" for the central bank to introduce digital currency for everyday transactions, as current payments systems and digital finance innovations are sufficient.
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September 04, 2026
Diversa Faces New ASIC Probe On Fees Tied to First Guardian
The corporate watchdog confirmed it is investigating Diversa Trustee Limited's delay in writing the now collapsed First Guardian Master Fund asset value down to zero and whether this meant members were incorrectly charged with administration fees, in a further probe of the trustee platform already charged with due diligence and monitoring failures in the Federal Court of Australia.
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September 04, 2026
Diversa Says Fraud Sank First Guardian, Gov. Should Repay
Diversa Trustees Chair Vincent Plant told a parliamentary committee on Friday that the fund trustee were "not clairvoyants" and could not have foreseen the alleged fraud behind the collapse of the First Guardian Master Fund, arguing it met its duties despite members' $240 million losses.
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September 04, 2026
ACCC Chair Says 80% Of Mergers Cleared in 20 Days
ACCC Chair Gina Cass-Gottlieb says the competition regulator's new merger control regime has met and surpassed its goal of approving around 80 percent of mergers within 20 business days by early Phase 1 determinations or the notification waiver process, nine months after its implementation.
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September 03, 2026
Aussie Says No Personal Details Used To Sell Insurance
Aussie Home Loans told a Federal Court judge Thursday that mortgage protection insurance sold to their home loan customers was "pitched at a very general level" and didn't draw on customers' personal circumstances, despite what a class of Aussie customers have alleged.
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September 03, 2026
KPMG Sued By Sacked Ex-COO After Whistleblower Scandal
Eileen Hoggett, the sacked auditor at the centre of the KPMG whistleblower scandal, has filed legal proceedings against her former employer in a NSW Supreme Court on Thursday weeks after telling a parliamentary committee she was still trying to "understand the basis of my expulsion from the firm."
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September 03, 2026
Optus, Google, Meta Join AFCA Ahead of Scam Dispute Role
The Australian Financial Complaints Authority has added over 100 new members including major telecommunications firms like Optus and digital platforms including Meta, TikTok and Google ahead of its expanded role handling scam disputes from March next year.
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September 03, 2026
Beacon Minerals Exec Sentenced For Tipping Friends on Gold Find
Beacon Minerals' former project manager Alexander McCulloch was sentenced to 12 months' imprisonment for insider trading after he told two friends to buy 11 million Beacon Mineral shares while he had confidential information showing promising gold drilling results at a project.
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September 03, 2026
APRA Slaps ING With Licence Conditions on Liquidity Errors
ING Australia has been hit with additional licence conditions and a $50 million operational risk capital add-on from APRA due to "significant overstatement" in its liquidity coverage ratio (LCR) which the bank self-reported, the regulator said in a statement on Thursday.
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September 03, 2026
Banned Auditor Sentenced For Falsifying Reports By ASIC
A disqualified self-managed superannuation fund auditor has been sentenced to 60 hours of unpaid community service by the Melbourne Magistrates Court after he admitted to auditing funds and falsifying documents while prohibited by ASIC.
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September 03, 2026
Mulino Vows Faster, Targeted FinTech Licensing Tests
The federal government will introduce new rules allowing fintech start-ups to test their products and services without a financial services license, Assistant Treasurer and Financial Services Minister Daniel Mulino announced today after a review found the existing ASIC framework was inflexible and barely used.
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September 02, 2026
Blue Sky Class Action Must Post $1.9M In Security, Use AI
A Federal Judge has ordered a class action led by R&B Investments to put up a $680,000 security to Blue Sky Alternative Investments and $1.28 million security to Ernst & Young for future and past legal costs in a suit alleging Blue Sky, its former directors and auditors EY overestimated its assets under management and investment performance, while also calling for AI use to simplify the dispute.