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Showing 61 - 70 of 2171 results for "Legal"

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... E&P and other respondents have agreed to a settlement payment of no less than $16 million settlement sum), inclusive of legal costs in full, in final settlement of the claims of the lead applicant and group members." If the settlement is approved by ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... 1) Bill 2024 details 11 out of the 22 Quality of Advice Review (QAR) recommendations in which Treasury said will provide legal certainty around removing onerous red tape that adds to the cost of advice with no benefit to consumers. Advisers can expect ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... sustainability goals and activities, even if they are well intentioned or plausible, to avoid threats of tarnished reputations and legal action. "There is a need for clear, updated guidance from the regulator or accounting bodies as to what constitutes ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... reporting and audit surveillance program is designed to improve the benchmark of financial reporting, ensuring compliance with legal standards. To monitor adherence to the Corporations Act 2001 and Australian Accounting Standards, the regulator frequently ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... with any monies available in any account with any financial institution in Australia and elsewhere in which Brite has any legal or equitable interest. ASIC said the interim order aims to help protect the beneficiaries of the assets under management by ...

Insignia appoints to board

CHLOE WALKER  |  MONDAY, 30 OCT 2023
... who is stepping down from the board after nine years. Boasting over three decades of experience in financial services and legal industries in Australia and abroad, McGrath currently sits on several boards in both the listed and non-listed spaces. Previously ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
The corporate regulator's bid to run an expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... Bridgeway, the first action targeted IG Markets and also represented traders who lost hundreds of millions. While CFDs are legal in Australia, they have been banned in many other countries, with the Federal Court of Australia describing these products ...