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Showing 91 - 100 of 2446 results for "Court"

HESTA pays $40k fine for greenwashing

ELIZA BAVIN | THURSDAY, 6 NOV 2025

... the representations, HESTA overstated its commitment to reducing investment in carbon emissions," ASIC deputy chair Sarah Court said. "Consumers relying on HESTA's representation may have been denied the opportunity to make informed decisions about ...

Prime Super fined over tobacco exclusion claims

JAMIE WILLIAMSON | THURSDAY, 6 NOV 2025

... on enforcing well-established legal obligations that prohibit misleading and deceptive conduct," ASIC deputy chair Sarah Court said. "Fund managers need to make sure that they accurately represent the nature of both their direct and indirect investments ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON | WEDNESDAY, 5 NOV 2025

... is without admission of liability, it noted. In a statement, Colonial First State said: "As the matter remains before the court, CFS is not in a position to provide further comment at this time." "Under the terms of an arrangement with CBA, CBA will ...

First Mutual Private Equity gambled $80m of investor funds: ASIC

ANGELIQUE MINAS | MONDAY, 3 NOV 2025

Following a Federal Court hearing, freeze orders against Gregory Raymond Cotton and First Mutual Private Equity (FMPE) have been maintained. The orders were first imposed on August 15 after concerns were raised regarding funds raised from around 400 ...

Chris Marco sentenced to prison over $34m fraud

MATTHEW WAI | FRIDAY, 31 OCT 2025

... Marco had his sentence handed down this week, after being found guilty following a five-week trial in September. The Supreme Court of Western Australia has sentenced Marco to 14 years imprisonment, with eligibility for parole after 12 years. Marco was ...

Cbus agrees to pay $23.5m fine

ELIZA BAVIN | FRIDAY, 31 OCT 2025

... better serve our members moving forward." Both parties submitted a Statement of Agreed Facts and Admissions with the Federal Court on October 28 and is listed for hearing on November 13 for the court to approve. ASIC launched legal proceedings against ...

James Mawhinney launches another appeal

JAMIE WILLIAMSON | TUESDAY, 28 OCT 2025

... appealing the Federal Court's decision to bar him from dealing in financial products for 15 years. Last month, the Federal Court upheld a previous decision to ban Mawhinney from receiving or soliciting funds in connection with a financial product ...

Canadian pension giant sued over alleged climate failures

JAMIE WILLIAMSON | TUESDAY, 28 OCT 2025

... manager has been sued for alleged mismanagement of climate risk. In July 2018, an individual member took super fund Rest to court, claiming it was unclear what the fund was doing in response to climate change. In 2020, the case was dismissed after Rest ...

Court blocks Merhi from financial services

KARREN VERGARA | TUESDAY, 28 OCT 2025

... been banned from working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents or employees" from carrying on any business ...

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON | MONDAY, 27 OCT 2025

... gatekeepers, and when they fail in their duties, the consequences for investors can be severe," ASIC deputy chair Sarah Court said. The AFCA membership of UGC has been temporarily reinstated so that impacted investors can make complaints through until ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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