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Showing 1051 - 1060 of 2458 results for "Court"

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
ASIC has commenced proceedings against TAL Life in the Federal Court over one of the cases referred to it by Royal Commissioner Kenneth Hayne. The corporate regulator has filed a civil case against TAL, alleging the insurance giant breached the ASIC ...

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
... MLC MasterKey Business Super and MLC MasterKey Personal Super products in 2012 and 2013. ASIC said that while its Federal Court proceedings with NULIS over fees for no service remained ongoing, it was still engaging with the trustee in an effort to improve ...

ASIC winds up alleged unregistered scheme

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... investment scheme. The regulator said it has filed an application seeking leave to apply for further orders in the Federal Court in Western Australia to wind up the alleged unregistered managed investment scheme, and a related company, operated by Chris ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has commenced action in the Federal Court in Western Australia focused on the promotion and management of the Sterling Income Trust. The regulator said the action is against Theta Asset Management, an Australian financial services licensee and ...

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... Women in Super, they were able to bring together superannuation industry leaders, representatives from the Federal Circuit Court, government and regulators for a round table discussion to develop solutions. "The first step in the Simpler Super Splitting ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... billion ANZ share sale with JPMorgan and some staff offered immunity deals in exchange for testimony. Now, Galvin has told the court that during his first interview with the ACCC in July 2016 he was shown a "very detailed chronology" about the ANZ transaction ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... regulator has taken action against former financial adviser Mustafa Mohammed - and several related entities - in the Federal Court, alleging Mohammed and others operated the unregistered managed investment scheme MyWealth Manager without holding an Australian ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... the ban complemented its past enforcement action against insurers engaging in poor sales conduct, noting its successful court case against CommInsure which last week drew a $700,000 penalty after the firm plead guilty to 87 counts of unlawful life insurance ...

Rest climate risk case goes to trial

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... landmark case brought against Rest by member Mark McVeigh. The case, related to climate change risks, will have its day in court with a three-day trial scheduled for the week commencing 20 July 2020. The parties will file expert evidence by March 20 ...

Update on FASEA code guidance on the way

ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
Financial Adviser Standards and Ethics Authority chief executive Stephen Glenfield has confirmed more guidance on the contested Code of Ethics is imminent. Speaking to Financial Standard at the FPA Professionals Congress, Glenfield confirmed FASEA is ...