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ASIC roundup: Unconscionable conduct, and the need for AI governance

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

5 min read
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The Australian Securities & Investments Commission’s latest actions and news, October 28 – November 1, 2024.

Oak Capital sued for alleging unconscionable conduct – October 30, 2024

Proceedings have commenced against Oak Capital (Oak Capital Mortgage Fund Ltd and Oak Capital Wholesale Fund Pty Ltd) for allegedly engaging in unconscionable conduct to avoid the National Credit Code (which applies to loans to individuals where it is wholly or predominantly

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