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Showing 11 - 20 of 1990 results for "Australian Securities"

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
The Australian Securities and Investments Commission (ASIC) has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). ASIC did not name the director ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... court approval. The class action alleged that ANZ's credit card contracts were unfair and contravened the Australian Securities and Investments Commission Act by charging interest between July 2010 and January 2019 on credit card purchases that should ...

ASIC's harsh words to directors: 'It's not meant to be easy'

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
Australian Securities and Investments Commission (ASIC) chair Joe Longo has had enough of company directors complaining about keeping up with their obligations. In a speech to the Australian Institute of Company Directors (AICD) Australian Governance ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The Australian Securities and Investments Commission (ASIC) has banned Brian Jacques Creigh from providing financial advice or being involved in a financial services business. Creigh is the director of Panacea Capital. He operated the Panacea Capital ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
The Australian Securities and Investments Commission (ASIC) has permanently banned Queensland-based financial adviser Shane Rose. Rose has been banned from providing any financial services, performing any function involved in the carrying on of a financial ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... namely failure to provide statements in line with the terms. A whopping 93 reports were passed on to the Australian Securities and Investment Commission, 47 were referred to the Australian Prudential Regulation Authority and eight were referred to other ...

Spheria mulls converting emerging companies LIC

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... strategy and portfolio with SEC, is not currently exchange-quoted but is expected to pursue listing on the Australian Securities Exchange (ASX). The board's decision comes amidst shareholder feedback expressing frustration over the persistent NTA ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... Disclosure of Climate-related Financial Information accounting standard. The legislation would amend the Australian Securities and Investment Commission Act and the Corporations Act. Under the proposed legislation, entities who meet two of the three ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... providing false or misleading information during a compulsory examination, hence breaching section 64(1) of the Australian Securities and Investments Commission Act 2001 (Cth). ASIC referred the matter to the Commonwealth Director of Public Prosecutions. ...