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Showing 111 - 120 of 203 results for "Sarah Court"

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... against banks who fail in their duty to act efficiently, honestly and fairly in dealings with customers," deputy chair Sarah Court said.

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... of apology. OnePath was also ordered to publish a notice on its website regarding the breaches. ASIC deputy chair Sarah Court recently announced that member service failures and misconduct leading to the erosion of superannuation balances will be focal ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... Committee to investigate ASIC's handling of the matter. He is also currently suing ASIC and its other deputy chair Sarah Court for defamation, with the trial initially slated to begin next month but has now been pushed back to allow for this case to ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... normalised profits. The court met them somewhat in the middle, handing over a fine for $12 million. ASIC deputy chair Sarah Court described the penalty as significant for a financial advice provider. "Mercer failed in its obligation to provide fee disclosure ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... appointed a head of alliance, advice industry veteran Mark Stubbings. Commenting on the matter, ASIC deputy chair Sarah Court said firms dealing in financial products have a legal obligation to be licensed. "The licencing regime requires financial services ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... performance figures presented were notably more favourable than the most recent data available. ASIC deputy chair Sarah Court expressed concerns about the potential for consumer deception, emphasising that the omission of "necessary information" might ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... TelstraSuper received only 33 AFCA complaints. Only six cases were resolved in favour of the super fund. ASIC deputy chair Sarah Court said: "ASIC expects the financial services industry to have effective dispute resolution procedures in place, and ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... which, if not done properly, can enable inappropriate behaviour by service providers and others," ASIC deputy chair Sarah Court said. "ASIC will continue to work with superannuation trustees emphasising the importance of risk management when dealing ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
... have a critical role in upholding the integrity of the SMSF sector through annual audits," said ASIC deputy chair Sarah Court. Court highlighted that auditors are responsible for overseeing 610,000 SMSFs, holding a combined total of more than $875 billion ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... regulatory outcome, after having weighed the regulatory outcomes offered by other enforcement remedies. ASIC deputy chair Sarah Court explained the product risked confusing customers. "ASIC was concerned Bobbob's representations potentially misled customers ...