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Australian Securities and Investments Commission v Firstmac Limited (Penalty Hearing) [2025] FCA 12

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CORPORATIONS - established contraventions of s 994E(3) of the Corporations Act 2001 (Cth) concerning design and distribution obligations relating to financial products for retail clients - dispute as to quantum of penalty - whether defendant was objectively reckless and 'courted the risk' of engaging in unlawful conduct - where defendant has made changes to its systems and processes

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