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ASIC roundup: Forged signatures, and a record fine for pricing discount failures

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Martina Lindberg

3 min read
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The Australian Securities & Investments Commission’s latest actions, June 26 – 30.

IAL fined a record A$40m over pricing discount failures – June 30, 2023

Insurance Australia Limited (IAL), owned by Insurance Australia Group Limited, has been penalised with the largest ever Court-ordered penalty – A$40m ($26.6m) – for failing to keep discount promises to customers with NRMA-branded insurance policies.

Between March 2014 and September

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