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Mr Barker claimed that the Bank acted in breach of its own policies and in so doing breached his contract of employment because (1) the policies were incorporated into his contract or (2) of an implied term of mutual trust and confidence. Mr Barker also claimed the Commonwealth Bank engaged in misleading and deceptive conduct. [2]: [1]-[5]
In 2008, a whistleblower went to ASIC to report a coverup in the Commonwealth Bank of Australia for a former financial planner. [8]Michelle Grattan characterised the then-incoming Abbott Liberal-National government as being "determined to weaken protections" that Labor had introduced, although she noted these attempts were defeated by the Senate crossbench.
The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor government, which favoured bank nationalisation, with effect on 22 December 1911. [10] [11] In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in ...
ME Bank was established and owned by 26 industry super funds. ... Vanguard Group, Commonwealth Bank, National Australia Bank, Suncorp, ... Code of Conduct;
Following the closure of the Bank of New South Wales in 1928 and the Queensland National Bank in 1929, the Commonwealth remained the only bank in Mount Morgan until 1950 when the ANZ bank opened a branch there. During the Second World War the Commonwealth Bank, it branches and agencies, acted as an agent for the government. As part of the ...
The Commonwealth Bank Officers' Association was an Australian trade union, comprising staff of the Commonwealth Bank of Australia.It was established in 1930 and continued until 1993 when combined with another sector union to form the Finance Sector Union in a wider process of union amalgamation in Australia at that time.
The Bank Nationalisation Case, also called Bank of New South Wales v Commonwealth (1948) 76 CLR 1, is a 1948 decision of the High Court of Australia (upheld on appeal to the Privy Council) that invalidated Chifley government legislation that attempted to nationalise the private banking sector.
The Australian Consumer Law was developed by agreement of the Council of Australian Governments. [3]The Competition and Consumer Act 2010 (referred to as Australian Consumer Law) was enacted into legislation by the Parliament of Australia to provide a more robust framework of protection for consumer transactions within Australia.