Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 153 results for "Courts"

New Super Complaints Tribunal chair named

MARK SMITH  |  TUESDAY, 7 APR 2015
... of the Superannuation Complaints Tribunal for a five-year period. The Tribunal provides an informal alternative to the courts for the resolution of certain superannuation-related complaints. The chairperson is the Tribunal's executive officer and is ...

Someone mentioned the "S-word" on Wall Street

BENJAMIN ONG  |  FRIDAY, 26 SEP 2014

S&P denied appeal over landmark ruling

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
... it had no prospect of success and that, in any case, the US-based S&P should not be required to submit to the Australian Courts. At the conclusion of that court action Justice Stephen Rares rejected all three arguments, stating that the claimants "had ...

FSC serves boutique with 'surprise' exit fee

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
The Financial Services Council (FSC) has gone to the courts to force UCA Funds Management (UCA) to pay an $8,000 'resignation fee', a charge the fund claims it knew nothing about. UCA chief executive Michael Walsh told Financial Standard that when in ...

Court rules against S&P in Lehmann Brothers class action

LAURA MILLAN  |  THURSDAY, 8 MAY 2014
... an abuse of process, that it had no prospect of success and that S&P should not be required to submit to the Australian courts. Justice Stephen Rares rejected all three arguments and stated that the claimants had an arguable case. He also considered ...

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
... Super Australia (ISA) said that the amendments to the legislation could be "invalid" and "susceptible to challenge in the courts." "In relation to the legal advice obtained by Industry Super Australia, all Commonwealth legislation can be legally challenged ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... to the Future of Financial Advice (FoFA) reforms could be deemed legally "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold Bloch Leibler has said. The legal ...

Problem is weak credit law, not us: ASIC

LAURA MILLAN  |  FRIDAY, 25 OCT 2013
... court proceedings in 2009 to argue that, in some circumstances, brokers should be considered agents of the lender. "The courts did not accept ASIC's submissions," the regulator said. ASIC said it provided consumer guidance in the form of financial literacy ...

Yields above 10% up for grabs in unlisted property

MARK SMITH  |  WEDNESDAY, 31 JUL 2013
... Folkestone has been targeting real estate-backed social infrastructure such as early learning centres, police stations, courts, medical centres and retirement villages as a safe source of reliable income. "The great thing about most of these properties ...

SMSFs lose majority of cases against ATO

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
... not saying make a story up; it's presenting the facts in such a way that it's very compelling." Among the arguments that courts did not accept were claiming to have made a mistake, or generally claiming to have misunderstood the requirements. Keeping ...