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Showing 91 - 100 of 803 results for "Judge"

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
The superannuation sector's biggest bodies are calling on the government to introduce legal reforms that would prevent family violence abusers from being able to access their victims' super. Existing laws permit abusers to claim an abuse victim's ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... "greenwashing" practices or otherwise, undermines that confidence to the detriment of consumers and the industry generally," the judge said.

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... non-parole period. On July 30, the Court of Appeal found that "no substantial miscarriage of justice occurred when the primary judge refused to allow Munro to withdraw his guilty pleas in April 2022," ASIC said. "This was the sole basis advanced by Munro ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... and carries with it the risk of a failure to adhere to appropriate standards in the provision of financial advice," the judge said. Bigatton pleaded guilty to six instances of providing financial advice without a licence. Justice Newlinds found that ...

DigitalX to launch Bitcoin ETF on ASX

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
Digital asset funds management firm DigitalX will launch a Bitcoin ETF on the ASX this Friday. DigitalX said that its Bitcoin ETF (ASX: BTXX) will provide a simple, liquid, and regulated structure for investors to gain exposure to the emerging digital ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... Federal Court agreed Block Earner had operated a managed investment scheme without a licence. However, at sentencing in June, Judge Jackman relieved the company of any liability to pay a fine. Judge Jackman said the company acted honestly and not carelessly ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
Active Super has been found guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency, operated an unregistered managed investment scheme ...