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Showing 111 - 120 of 138 results for "ASIC Act"

ASIC reaches $2.5m Westpoint settlement

COMPANY RELEASE  |  MONDAY, 28 JUN 2010
... focused on assisting and protecting retail investors, including seeking compensation, when appropriate, under s50 of the ASIC Act".

AIST alerts regulator on misleading campaign against super

MICHELLE BALTAZAR  |  FRIDAY, 18 JUN 2010
... in and monitor these campaigns before the public starts to believe all the "scaremongering", said Reynolds. Under the ASIC Act 2001, the regulator has the powers to pull up any organisation that has engaged in "misleading and deceptive conduct", including ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... believes the regulator's case is unconstitutional. ASIC began action against KPMG on the basis that Section 50 of the ASIC Act empowers it to act on behalf of investors the regulator believes are aggrieved. The legal action commenced in the Supreme Court ...

ASIC a step closer to Storm resolution

ASIC RELEASE  |  FRIDAY, 19 MAR 2010
ASIC has completed a major phase of its investigation into failed Storm Financial and is entering the next part of its investigation, aimed at achieving a commercial resolution for investors. The next phase will now take place until the end of May 2010 ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
... relevant parties aimed at preventing the need to commence litigation. ASIC is using its power under section 50 of the ASIC Act, which enables it to begin and carry on civil proceedings for damages for investors where it appears to ASIC that such proceedings ...

When ASIC knocks, answer immediately

RUTH LIEW  |  THURSDAY, 2 JUL 2009
... personally seek out regulated entities such as financial planners, for information. Take for instance Sections 30 or 33 of the ASIC Act. According to the ASIC website, a director is required to provide all documents requested under a notice issued under ...

Ex-director banned for 25 years

MEDIA RELEASE  |  MONDAY, 16 MAR 2009
... and the eight companies within the SIH Group, were involved in a number of contraventions of the Corporations Act and ASIC Act including the operation of a financial services business without a licence. ASIC was also concerned that some of the funds ...

ASIC bans Oxford Investments

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
... 2004 and March 2006. In addition, the Court found both the firm and Moore misled and deceived investors and breached the ASIC Act 2001 between April 2003 and December 2004. Investors that attended the course can use the Court's declarations to assist ...

Market Wrap - Morning

AAP  |  FRIDAY, 28 MAR 2008
The Australian sharemarket is expected to open lower after US stocks ended lower this morning, although rises in base metal prices in London will support mining stocks. At 0707 AEDT on the Sydney Futures Exchange, the June share price index futures ...

ASIC acts to shut down scheme owing nearly $8m

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against a managed investment scheme which owes investors roughly $7.87 million. ASIC has taken action in the Adelaide Supreme Court to have a managed investment scheme ...