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NewsMail Morning Edition
Mon 02 Dec, 2013

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Customers take ANZ to court in class action over bank fees

The largest consumer class action in Australian history begins in the Federal Court in Melbourne today as 38,000 ANZ customers appeal over the bank's fees.

The court will examine whether the fees are fair, or whether they are excessive and therefore illegal.

Andrew Watson from law firm Maurice Blackburn says the fees are not an accurate reflection of the costs faced by banks when customers are caught out.

"You might be a dollar over on your account or a day late in your payment and the banks will slug you with a fee that's out of all proportion to what it costs them for that minor transgression," he said.

The case could have wider implications for other large institutions and the certainty of their contracts.

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The Drum

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Russia must respect the law of the sea

The overnight decision by a Russian court to grant bail to Australian Greenpeace member Colin Russell is a welcome development, but the Arctic Sunrise controversy continues.

Russell and his fellow protesters are being barred from leaving Russia, in direct conflict with a recent ruling from the International Tribunal for the Law of the Sea.

This saga represents a test for post-Soviet Russia and its compliance with international law, one that can only be passed by completely freeing the protesters involved.

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Just In

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Government optimistic on carbon tax Senate vote before Christmas

The Federal Government's carbon pricing bills are headed for defeat in the Senate by Christmas unless the Opposition can stall the vote in the last sitting fortnight.

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World

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New York train derails killing at least 4, injuring 67

At least four people were killed and more than 60 injured when a train derailed in New York's Bronx district.

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Business

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Customers take ANZ to court in class action over bank fees

The largest consumer class action in Australian history begins in the Federal Court in Melbourne today as 38,000 ANZ customers appeal over the bank's fees.

The court will examine whether the fees are fair, or whether they are excessive and therefore illegal.

Andrew Watson from law firm Maurice Blackburn says the fees are not an accurate reflection of the costs faced by banks when customers are caught out.

"You might be a dollar over on your account or a day late in your payment and the banks will slug you with a fee that's out of all proportion to what it costs them for that minor transgression," he said.

The case could have wider implications for other large institutions and the certainty of their contracts.

More »

Politics

More Politics »

Government optimistic on carbon tax Senate vote before Christmas

The Federal Government's carbon pricing bills are headed for defeat in the Senate by Christmas unless the Opposition can stall the vote in the last sitting fortnight.

More »

Sport

More Sport »

Adam Scott shattered after Australian Open loss

Adam Scott was left "gutted" after missing out on an opportunity to secure the triple crown at the Australian Open.

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Science and Technology

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Department confirms NBN revenue may drop under Coalition plan

A federal bureaucrat has confirmed it is likely the National Broadband Network revenue forecasts will have to be revised down under the Coalition's plan.

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Environment

More Environment »

Government optimistic on carbon tax Senate vote before Christmas

The Federal Government's carbon pricing bills are headed for defeat in the Senate by Christmas unless the Opposition can stall the vote in the last sitting fortnight.

More »

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