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Showing 1131 - 1140 of 2460 results for "Court"

Former AMP adviser pleads guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2019
... Martin of Kiama, New South Wales has pleaded guilty to three counts of dishonestly obtaining client funds in the District Court of NSW. An investigation by ASIC found Martin dishonestly obtained about $208,000 from clients between June 2011 and April ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
Two industry superannuation funds have announced a joint venture that will create a $26 billion entity, aimed at delivering scale benefits to their combined 150,000 members. Equipsuper and Catholic Super have signed a memorandum of understanding to ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... commodities when they were not licensed to do so. Courtenay House liquidators, Grant Thornton, said in its report to the Supreme Court of NSW in November last year that Courtenay House was operating a ponzi scheme. The liquidators found in their investigation ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... issuer and helped appoint a receiver to the firm and its related companies. ASIC has successfully applied to the Federal Court to appoint receivers to Berndale Capital Securities, Berndale Capital Securities Management and Algoplus. ASIC sought the appointment ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... said. "IOOF intends to defend this claim." Quinn Emanuel filed its class action proceedings against IOOF in the Supreme Court of New South Wales on Friday on behalf of IOOF shareholders. The class action is a direct result of revelations out of the Banking ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... the new provisions face civil or criminal penalties. In the event of a civil penalty contravention, ASIC can apply for a court order. If the court finds that a trustee has contravened civil penalty provisions, it can be slapped with a fine of up to 2000 ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... integrity related cases. Of key concern, ASIC won the Bank Bill Swap Rate case against Westpac in November - with the Federal Court ordering Westpac to pay $3.3 million for contravening the ASIC Act 2001 by its involvement in setting the ASX Bank Bill ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... "For serious contraventions, amendments made by the Senate to this Schedule that were tabled by the Opposition allow for a Court to fine the trustee or director up to 2,400 penalty units," it read. A serious breach of directors' duties (such as intentional ...

Treasurer courts retirees with new superannuation measures

KARREN VERGARA  |  TUESDAY, 2 APR 2019
Federal Treasurer Josh Frydenberg unveiled new superannuation measures on the eve of releasing the 2019-20 Budget in a bid to win over retirees. Frydenberg announced yesterday that 65 and 66-year-olds will be able to make voluntary superannuation contributions ...

Federal Court shuts down Linchpin and Endeavour Securities

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ASIC has helped put Endeavour Securities and Linchpin Capital Group into liquidation. The Federal Court also ordered the registered scheme operated by Endeavour and the unregistered scheme operated by Linchpin - both called the Investport Income Opportunity ...