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Showing 1211 - 1220 of 2460 results for "Court"

Investa Office Fund's Canadian bidder ups the stakes

KANIKA SOOD  |  MONDAY, 17 SEP 2018
... unitholders were due to meet to on Monday. "In light of this development, the IFML Board intends to seek judicial advice from the court later today to adjourn the unitholder meeting convened to consider the existing Blackstone proposal from Monday, 17 ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... those advisers that met a very stringent due diligence process," Ardino explains. JUST IN: ASIC takes Dover, McMaster to court That due diligence goes both ways too, with Ardino saying it is not unreasonable for an adviser to expect their licensee to ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and former ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... superannuation entities is sufficient to achieve specific or general deterrence of misconduct. The fact APRA is reluctant to commence court proceedings and take public enforcement action or deal with the "intransigence" of IOOF was not considered effective ...

Charter Hall acquires $1.6bn property fund manager

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
... Group's board as a non-independent director. The transaction is expected to be complete by early November, subject to court and shareholder approvals. On the investment front, Folkestone will allow Charter Hall to diversify into early learning sector ...

AIOFP slams FASEA proposals, launches petition

KARREN VERGARA  |  MONDAY, 20 AUG 2018
... from the AIOFP board in response to recent controversy. On August 9, ASIC announced it obtained an order from the Federal Court of Australia against Linchpin Capital Group and Endeavour Securities regarding the operation of the Investport Income Opportunity ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... 2018 and as of today, the judgement is reserved. Going by this 20-month resolution timeline - if ASIC had dragged ANZ to court, the trial would have only started in July. And the case would have been still awaiting resolution as of January 2019. Whereas ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... has banned one person for not being fit and proper since 2008 - after the law changed requiring APRA take the matter to court. Under examination from counsel assisting Michael Hodge, APRA deputy chair Helen Rowell confirmed the prudential regulator has ...

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
A Federal Court ruling on a potential breach of the Sole Purpose Test has been termed a "milestone" for the SMSF industry, however there are still hurdles to clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation ...