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Showing 111 - 120 of 450 results for %22High Court of Australia%22

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... were not losing money on higher fees and unnecessary or unused services." MLC Nominees and NULIS are also facing a Federal Court action from ASIC alleging the trustees misled MasterKey super members. ASIC is alleging that NULIS and MLC deducted approximately ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... investigation in 2010, raised concerns about Sinha's compliance history. Despite this, he continued to receive several 'high achievement' ratings from Westpac. It was not until 2014 that Sinha was dismissed by Westpac and March 2015 that ...

Industry veteran arrested

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
A high-profile financial services veteran was arrested at Sydney airport this morning. Sir Ron Brierley was arrested and charged this morning after allegedly being found in possession of child abuse material. After a search of carry-on luggage, the ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
... Institute chief executive Megan Motto, with the industry's remuneration practices a particular sore spot for the community. "High executive salaries are seen as the most ethically important issue for the banking and finance sector with 74% of Australians ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... account and required to compensate its members." CBA said it acknowledges that proceedings have been filed in the Federal Court and are reviewing the claim. On Thursday last week, CFS was hit with a class action from Maurice Blackburn Lawyers in relation ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... super trustee duties that it said have caused losses to over 100,000 members. The class action was filed in the Federal Court in Victoria and names former CFS executive director Linda Elkins in particular. The action alleged CFS's implementation ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... financial advice and lower consumer access. "Our industry is at a critical crossroads. The outcome of this challenge in the High Court of Australia will affect the industry for years to come," Ardino said. "We believe we should be doing as much as we ...

SMSF Association patron steps down

KRISTI CHENG  |  WEDNESDAY, 21 AUG 2019
... AO has stepped down as patron of the SMSF Association. Costello assumed the role in August 2017, succeeding former High Court chief justice Sir Anthony Mason. He has resigned for personal reasons. Speaking on behalf of the board, chair Deborah Ralston ...

Law Council chides ASIC

HARRISON WORLEY  |  TUESDAY, 11 JUN 2019
... part of our business is litigating, it doesn't interrupt our business model. We will fight it all the way to the High Court if we need to." However, the Law Council was unimpressed with Crennan's comments and said it was concerning to see ASIC ...

Wills and BDBN raise adviser interest

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... is not always the case despite s17A. Chu pointed to the Marsella case, which recently unfolded at the Victorian Supreme Court. The Swanton Superannuation Fund was established in 2003 by Helen Marsella (deceased) and her daughter from a previous marriage ...