ASB fighting 'opt-out' class action lawsuit in court of appeal

ASB fighting 'opt-out' class action lawsuit in court of appeal
(Image: NZME)
Greg Hurrell
ASB Bank was in the court of appeal on Tuesday, to try and prevent a class action lawsuit against both it and ANZ Bank NZ from covering all affected customers whether they ask to be or not.The main case, which is yet to go to trial, centres on claimed breaches of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) by the banks when changing the conditions of their consumer loans.In a July 29, 2022, high court ruling, Justice Geoffrey Venning agreed that representatives of both ASB and ANZ customers were able to bring class action cases a...

More Law & Regulation

Co-operative Bank, ComCom agree penalty fee
Finance

Co-operative Bank, ComCom agree penalty fee

The bank is silent on the penalty amount it and the Commerce Commission are aligned on.

Amendment may create a fast-track to judicial reviews
Property

Amendment may create a fast-track to judicial reviews

How a fix to speed up projects could send more to court instead.

Commerce commission takes Mobil NZ to High Court
Law & Regulation

Commerce commission takes Mobil NZ to High Court

The Commerce Commission has initiated legal action against Mobil New Zealand, alleging that the company's pricing methods violate the Fuel Industry Act 2020.ComCom has filed proceedings in the High Court, claiming two ongoing breaches of the act, it said in a statement. The f...

BD AI 25 Nov 2025
Minerals royalties fall 40% as Govt orders review
Primary Sector

Minerals royalties fall 40% as Govt orders review

Govt’s cut from oil and gas slumps in line with production. 

Ian Llewellyn 25 Nov 2025