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Latest News in Financial Services AU
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August 21, 2026
Law firm Agency Settlements has discontinued its case against the founder of conveyancing firm Dott & Crossitt, Jared Zak, and agreed to pay costs over his allegations that it engaged in "deposit flicking," citing media coverage of the matter driving such rapid growth that it could no longer substantiate specific losses, director Lucas McEntee said in a statement to Law360 on Thursday.
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August 21, 2026
A Federal Court judge has approved a more than $100 million agreement between NetWealth Superannuation and ASIC, with no further penalties for NetWealth, after it paid out customers for their net deposits into the collapsed First Guardian Master Fund.
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August 21, 2026
The President of the Administrative Review Tribunal and Federal Court of Australia Justice Emilios Kyrou says the sheer volume of cases overseen by the ART makes it impossible for leadership alone to identify systemic maladministration issues, saying he calls on members and staff to bring attention to recurring problems as a safeguard against another "Robodebt-type tragedy."
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August 21, 2026
A Victorian Supreme Court judge has ordered former solicitor Joseph Guss to spend a week in jail after he refused to hand over email login details to a manager appointed to his practice following the cancellation of his practising certificate for several instances of professional misconduct.
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August 21, 2026
NSW District Court Judge Penelope Wass has been ordered to stand aside from three criminal cases after the NSW Court of Criminal Appeal found a reasonable observer may have doubts about her impartiality on the bench.
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