High Court finds general advice can get personal
On 3 February 2021, the High Court unanimously dismissed Westpac’s appeal in Westpac Securities Administration Ltd v ASIC [2021] HCA 3. It held that Westpac’s call centre operators, in making outbound calls to existing superannuation members, provided personal advice to retail clients in breach of AFSL conditions. This is the first High Court pronouncement on […]