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Showing 1251 - 1260 of 2460 results for "Court"

CBA and AUSTRAC agree to mediate

ALEX BURKE  |  FRIDAY, 23 MAR 2018
At the request of both parties, the Federal Court has referred the proceedings between CBA and AUSTRAC to mediation. The Court's decision also requires AUSTRAC to file and serve any reply to CBA's amended response by April 6 and set a timetable for ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... home loans and margin loans to purchase units in said funds; these investments were used to pay Storm's fees. The Federal Court made its original judgement on the Cassimatises' system in 2016. It found that the advice given to a sample of clients - all ...

Former Provident Capital MD still banned but allowed procedural fairness

DARREN SNYDER  |  THURSDAY, 22 MAR 2018
The Federal Court has upheld ASIC's five-year disqualification of the former managing director at Provident Capital but found the Administrative Appeals Tribunal denied the MD procedural fairness in its hearing. ASIC explained that on 20 February 2015 ...

ANZ halts asset secured loans to retail customers

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... loans for cars, caravans, boats, and other motor vehicles. Last month ANZ was slapped with a $5 million penalty after a court ruled a former ANZ subsidiary breached responsible lending laws two dozen times between 2013 and 2015. The bank is slated to ...

Convicted SMSF auditor disqualified

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... ASIC will continue to take action where the conduct of SMSF auditors is inadequate." In October 2017, the Melbourne County Court sentenced Samarakoon to 29 months' imprisonment for working as a tax professional for a company that fraudulently claimed ...

Conflicted SMSF auditor disqualified

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2018
... will continue to take action where the conduct of SMSF auditors is inadequate." Yesterday ASIC also applied to the Federal Court to appoint a Deloitte partner to liquidate a Perth-based self-managed super fund business. The regulator commenced proceedings ...

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
... Bill Swap Rate on six occasions in 2012. CBA said yesterday that ASIC lodged an updated Statement of Claim to the Federal Court and the banking group is reviewing the claim. "The Commonwealth Bank disputes the allegations made by ASIC as we do not believe ...

ASIC seeks Deloitte to liquidate SMSF business

ALEX BURKE  |  TUESDAY, 27 FEB 2018
ASIC applied to the Federal Court to appoint a Deloitte partner to liquidate a Perth-based self-managed super fund business. The regulator commenced proceedings against Superfunded - along with sole director Max Goldenberg and sole shareholder Mark ...

Kerr Neilson steps down as Platinum chief

ALEX BURKE  |  FRIDAY, 23 FEB 2018
Platinum co-founder and chief executive Kerr Neilson will hand over the reins to his successor on July 1. Neilson will remain a member of the Platinum investment team and an executive director on the board. In a letter to Platinum shareholders, Neilson ...

CBA denies majority of latest AUSTRAC allegations

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
... laundering and counter-terrorism financing allegations handed down from AUSTRAC last December. In its submission to the Federal Court, CBA said it "denies 89 allegations in full and admits 11 allegations in part." The financial intelligence agency slapped ...