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Showing 111 - 120 of 163 results for "Legal action"

Legal threats loom over poor SMSF advice

ELISE BURGESS  |  FRIDAY, 23 SEP 2011
... and CGT-related rules on SMSFs. "It is difficult to see how an adviser isn't leaving themselves open for potential legal action should a problem arise with the terms of trust they have recommended to their clients," said Batten. "I am of the view that ...

Burned investors drink bitter cup: ASIC

ALISON BEVEGE  |  FRIDAY, 20 MAY 2011
... system or through the appropriate external dispute resolution scheme. It found investors were reluctant to commence legal action to recover their monetary loss. Peter Burgess, technical director of the Self Managed Super Fund Professional's Association ...

Planners prime legal targets for angry clients

ALISON BEVEGE  |  MONDAY, 18 APR 2011
Financial planners relying on research are sitting ducks for legal action in the wake of the Trio Capital superannuation fraud and need to protect themselves, a planner has said. In the case of the Trio Capital fraud, adviser Ross Tarrant's firm Tarrants ...

Heat rises on emissions disclosure

JOHN MCDULING  |  WEDNESDAY, 1 DEC 2010
Australian Ethical Investment and The Climate Institute have complained to ASIC and are considering legal action against two major resources companies after shareholder institutions were denied the chance to vote on a proposal that would force the companies ...

ASIC takes legal action against Storm founders and banks

ASIC RELEASE  |  FRIDAY, 26 NOV 2010
Financial services watchdog ASIC is to take legal action against Storm Financial founders, Emmanuel and Julie Cassimatis, and against three banks, on behalf of investors affected by the company's collapse. ASIC will take legal action against the two ...

AvSuper takes legal action against big fund

RUTH LIEW  |  THURSDAY, 19 AUG 2010
Canberra-based super fund AvSuper Pty Ltd (AvSuper) has lodged legal proceedings against Commonwealth Managed Investments Limited (CMIL) and Colonial First State Property Limited (CFSPL) over the meaning of an agreement regarding the super fund's entitlements ...

SMSFs carry underlying key person risk: report

MICHAEL HOBBS  |  WEDNESDAY, 4 AUG 2010
... over control of the fund if the trustee can no longer operate the structure effectively. Family members can seek legal action to take control of the SMSF if an Enduring Power of Attorney is not submitted and the trustee is considered unable to administer ...

Basis Capital lesson far from over

RUTH LIEW  |  THURSDAY, 24 JUN 2010
... Australian investors press lawsuits against Basis and planners themselves, WLM has been one of the fortunate ones to avoid legal action by clients. "We provide fairly diversified portfolios so no one client was materially affected by Basis, and using ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... 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 of Victoria in October 2008 in relation to the auditing of financial accounts of various Westpoint ...

Regulator launches Storm website

ASIC RELEASE  |  THURSDAY, 15 APR 2010
... that identifies legal proceeding that ASIC proposes to commence to recover money for investors. If ASIC does start legal action against Storm, then the personal web page would include a hypothetical snapshot of funds that potentially could be returned ...