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Showing 91 - 100 of 112 results for %22Sarah Court%22

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... Mayfair Products". ASIC has pursued Mayfair since 2020 for misleading consumers in its advertising. ASIC deputy chair Sarah Court said this penalty makes clear that firms must do the right thing by their investors, irrespective of whether they are wholesale ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... their superannuation providers. ASIC's case alleges that OnePath failed to do so in this case," ASIC deputy chair Sarah Court said. According to court documents, ANZ has agreed to remediate or has already remediated those members that were impact ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... customers were entitled to receive the benefits they signed up for and in many instances paid for," ASIC deputy chair Sarah Court said. "This case is yet another example of a widespread system failure by a major bank impacting thousands of customers." ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... has filed multiple proceedings against one entity at the same time. Announcing the filings today, ASIC deputy chair Sarah Court said these were exceptional circumstances. "ASIC had numerous Westpac-related matters under investigation through the course ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... when this was not allowed. ASIC also alleges that some of the documents provided were fraudulent. ASIC deputy chair Sarah Court said that ASIC is concerned that as a result of this conduct, some loans may have been granted by ANZ based on false information ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... community work. Apogee revoked Saad's authority in October 2017 and reported his conduct to ASIC. ASIC deputy chair Sarah Court said: "The sentence imposed demonstrates the seriousness of this misconduct." "Facilitating the unlawful early release ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... case against CBA after it was clear customers had been sold insurance that they had no use for," ASIC deputy chair Sarah Court said. ASIC previously referred the matter to the Commonwealth Department of Public Prosecutions, which will prosecute the case ...

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... of its licensee obligations arising from its breaches of the conflicted remuneration provisions. ASIC deputy chair Sarah Court said the impact of incentives when selling financial products has been a longstanding issue for the regulator. "We are concerned ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... accurate information that enables them to make informed decisions about their retirement savings," ASIC deputy chair Sarah Court said. "Superannuation represents the future financial security of all Australians. We want to see funds operate in a way ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... meant they couldn't make informed decisions about the financial services they were paying for," ASIC deputy chair Sarah Court said. "Customers need to have confidence in their financial services providers that they will be charged correctly for the ...