The Conversation



CBA admissions will make class action easier but shareholders still have a lot to prove

  • Written by Michael Legg, Professor of Law, UNSW
image

The Commonwealth Bank of Australia recently admitted it breached Australia’s anti-money laundering and counter-terrorism financing laws. The admissions in its response to allegations from the Australian Transaction Reports and Analysis Centre (AUSTRAC) will make it easier for shareholders to prove their claims of misleading and deceptive...

More Articles ...

  1. Vital Signs: Australia heads into 2018 with mixed economic signals
  2. Greater skills diversity on boards might actually be worse for business
  3. A bubble? We don't even know how to value Bitcoin
  4. Westfield's history tracks the rise of the Australian shopping centre and shows what's to come
  5. What is going rotten in the franchise businesses plagued by scandals
  6. Instead of rebuilding stadiums, the NSW government should focus on local sport and events
  7. Older people now less likely to fall into poverty
  8. It would cost you 20 cents more per T-shirt to pay an Indian worker a living wage
  9. What makes us sign up to subscription boxes
  10. Why coaching, not gadgets, is key to getting the most out of employees
  11. Young people still find it hard to get a job, despite using the same tactics as older job seekers
  12. How social enterprises are building a more inclusive Australian economy
  13. It's not just women at the top who are paid less than men
  14. Sydney the most expensive capital in Australia, Perth comes in fifth: new report
  15. Governments haven't always shirked responsibility for our low wages
  16. How 'brand you' came to be
  17. Three charts on: poorer Australians bearing the brunt of rising housing costs
  18. The economics of ridiculously expensive art
  19. Queensland election: One Nation dominates Twitter debate in the final weeks
  20. Vital Signs: five economic red flags to watch for in 2018
  21. Experiments in robotics could help Amazon beat Australia's slow delivery problem
  22. No, we aren't running out of new ideas
  23. Why good design alone won't attract millennials to your company
  24. Why the fashion industry keeps failing to fix labour exploitation
  25. It's too soon to celebrate a narrowing gender wage gap
  26. From Lord of the Rings to Crocodile Dundee – franchising Australian culture?
  27. How 'liar loans' undermine sound lending practices
  28. The blockchain does not eliminate the need for trust
  29. The public should be 'shocked, dismayed and disgusted' at the major banks
  30. Increasing wages would make the Australian economy safer
  31. Honey Birdette and the changing attitudes to sex in advertising
  32. Twitter analysis shows Queensland Labor has put Adani behind them
  33. What we can learn from the Warren Buffett of the web
  34. Could we nationalise the superannuation system even if we wanted to?
  35. How the Paradise Papers reveal the tension between rock stars and the tax man
  36. Three strategies to fight the tax avoidance revealed by the Paradise Papers
  37. With a new futures market, Bitcoin is going mainstream
  38. What the NRA can teach us about the art of public persuasion
  39. Vital Signs: the US economy is outpacing Australia's and we should all ask why
  40. The Murray Goulburn dilemma – co-operatives are dying out but they're still needed
  41. Why the RBA would want to create a digital Australian dollar
  42. History says department stores will struggle in the future
  43. Why we can’t rely on corporations to save us from climate change
  44. Teaching kids about maths using money can set them up for financial security
  45. There are serious problems with the concept of 'financial literacy'
  46. Census data shows just how bad we've been at closing inequality gaps
  47. What is behind the rising price of butter?
  48. Five ways to kickstart the economy -- without cutting company taxes
  49. Why reforming health care is integral for our economy
  50. How to teach your kids to think more critically about money