Australian watchdog takes AMP to court over fees

Pedro Gonçalves
clock • 1 min read

The Australian corporate regulator ASIC is  has taken AMP and blue-chip law firm Clayton Utz to court seeking access to interview notes related to its fee-for-no-service investigation. Clayton Utz has cited AMP's legal professional privilege to keep hold of the documents and previously refused to comply with requests to hand them over, but a court order may well force its hand. AMP is facing accusations of charging customers fees for services that they were not receiving, which was a common trait among major Australian lenders, particularly when involving vertically integrated product...

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