Stocks to watch on the Australian stock exchange on Monday:

ANZ – ANZ BANKING GROUP LTD – up 17 cents at $21.05

Late fees charged on credit cards by ANZ can be characterised as a penalty and may be unenforceable, the Federal Court has found.

However, honour fees, dishonour fees, overlimit fees and non-payment fees were not characterised as a penalty but as fees for services provided by the bank, Justice Michelle Gordon found in a judgment released on Monday.

ERA – ENERGY RESOURCES OF AUSTRALIA LTD – up 14 cents at $1.57

PDN – PALADIN ENERGY LTD – up four cents at $1.71

Labor’s national conference has backed Prime Minister Julia Gillard’s plan to remove the party platform’s ban on uranium exports to India.

AQA – AQUILA RESOURCES LTD – up 46 cents at $6.83

Aquila Resources has received approval from the Western Australian environment minister for its first iron ore mine.

AZT – ASTON RESOURCES LTD – up 38 cents at $9.49

WHC – WHITEHAVEN COAL LTD – up seven cents at $5.71

Billionaire Nathan Tinkler’s coal explorer Aston Resources and coal miner Whitehaven Coal have entered into talks about a potential merger that analysts say would create a powerful entity.

VBA – VIRGIN BLUE HOLDINGS LTD – steady at 35.5 cents

Virgin Australia had a 5.7 per cent rise in passenger numbers in October, due to strong growth in domestic traffic.