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Showing 91 - 100 of 682 results for "Proceedings"

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
The ASX has provided an update on its defence against the legal proceedings filed against it by ASIC over its handling of the CHESS replacement project. The ASX filed a Concise Statement in response to the proceedings brought by ASIC in the Federal ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... with this government scheme," she said. In 2023, ASIC's new investigations grew by 25% year on year, while civil proceedings rose 23%. This included taking action in the areas of greenwashing, cryptocurrency, predatory lending, high-cost credit ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... around group life insurance, and 455 to do with death benefits distribution. The fresh data comes as Cbus is facing proceedings in the Federal Court over delays in paying death benefits. Datacube reveals that while Cbus had 48 death benefit distribution ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... discussed in great detail, Bragg did ask Fok who would ultimately foot the bill if Cbus is handed a fine at the end of the proceedings. Fok said he would not speculate, saying "speculation on that before we've had the ability to look at the full ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... Senator Andrew Bragg has called on Cbus chief executive Kristian Fok to face a Senate inquiry over the recent legal proceedings launched by ASIC against the fund and the CFMEU scandal. "The reason that we're having a Senate inquiry in Canberra into ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... since they partnered which have had a material impact on the fund and its members. ESSSuper has filed Federal Court proceedings against Iress and its Financial Synergy Holdings subsidiary, claiming material breaches of contract and pre-contractual misrepresentations. ...

E&P Financial advances delisting

KARREN VERGARA  |  MONDAY, 4 NOV 2024
... around December 27. E&P's leaders claim the company is materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, the ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... and business lending up 9%. The bank added that there may be some unforeseen financial impacts from various legal proceedings brought against it. Westpac said while the class action filed against BT Financial Group, Westpac Securities Administration ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... ISG and its sole director, Benjamin Godfrey, had applied to appoint receivers to the schemes. ASIC intervened in the proceedings because it held concerns about ISG's financial, governance, and compliance positions. The regulator said some investors in ...