Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1261 - 1270 of 2460 results for "Court"

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... them an avenue to address their complaints in a way that is binding and without the cost and trauma that can occur in the court system." A caveat in the revised explanatory memorandum noted "certain complaints relating to self-managed superannuation ...

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
The Federal Court has banned financial advice firm Wealth and Risk Management (WRM) and its related companies from operating in financial services for 18 years, and ordered the group to pay $7.8 million for engaging in unconscionable conduct. The court ...

CBA puts away $500m for regulatory costs

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
... has set aside $375 million for an estimated civil penalty in relation to the ongoing AUSTRAC proceedings in the Federal Court. During the six month period it also set aside $200 million for "expected costs relating to currently known regulatory, compliance ...

CBA embroiled in rate-rigging allegations

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... instruments used by banks to borrow or lend, which help determine the key reference rate in Australia's financial markets. Court filings show CBA, from time to time, traded in the bank bill market with the purpose of affecting the yield and the BBSW ...

O'Dwyer proposes compulsory unpaid super law

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
... event-based reporting from 1 July 2018, she said. O'Dwyer warned employers who break the law of "serious consequences," including court-ordered penalties, including up to 12 months imprisonment which the ATO can initiate. "The ATO will have a suite of ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
... 10am. The Royal Commission was established by Governor-General Sir Peter Cosgrove on 14 December 2017, with former High Court judge Kenneth Hayne named as Royal Commissioner. At the time a joint statement from Prime Minister Malcolm Turnbull and Treasurer ...

HNWI growth outpacing super: Research

ALEX BURKE  |  WEDNESDAY, 17 JAN 2018
... but half the investment capital of the country's entire superannuation system. Wealth managers have historically tried to court the HNWI sector, with mixed results. A 2017 Capgemini report revealed that only 21% of the above $1.2 trillion is invested ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... Melbourne financial services firm is prohibited from operating while proceedings brought by ASIC continue in the Federal Court. ASIC commenced proceedings against Financial Circle Pty Ltd in December 2017, alleging the business was offering loans direct ...

Zurich sells Singapore life business

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2018
... transfer of all Zurich Life Singapore's policies to Singapore Life is expected to be complete by mid-2018, subject to High Court approval.

WAM pulls out of takeover deal

ALEX BURKE  |  MONDAY, 8 JAN 2018
... Molopo is liable for 50% of these costs. As a result, WAM Capital has withdrawn its takeover offer. A month ago, the Supreme Court of Victoria dismissed an application from Keybridge Capital, which had submitted its own takeover proposal for Molopo. ...