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Showing 121 - 130 of 2510 results for "Court"

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... training for staff, and its cyber incident response plan was not tested on an annual basis. FIIG was ordered by the Federal Court to pay a penalty of $2.5 million as well as $500,000 towards ASIC's legal costs. FIIG must also engage an independent expert ...

Government consults on victim access to child sex abusers' super

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... Identical to the January 2023 discussion paper, the draft legislation proposes to enable victims and survivors to access, via a court order, to additional personal or salary sacrifice super contributions made by the offender if compensation remains unpaid ...

ASIC welcomes new chair

KARREN VERGARA  |  TUESDAY, 3 FEB 2026
... Treasurer has appointed a new chair to replace Joe Longo who will serve a period of five years starting on June 1. Sarah Court has been promoted to the top role after serving as deputy chair. Treasurer Jim Chlamer said the Albanese Government will recommend ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
... distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court. Hundreds of retail investors were led to believe they were able to invest in the fund even though the product may not ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
The Federal Court has handed BPS Financial $14 million in pecuniary penalties over the way in which it promoted and operated its crypto product Qoin Wallet. According to ASIC, BPS Financial advertised the product as a non-cash payment facility linked ...

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... of the Director of Public Prosecutions (CDPP) and Gunn consented to the matter being dealt with for sentence in the local court. For his part in handling the money, Gunn faces a maximum penalty in the Local Court of one year imprisonment, a fine of $12,600 ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... deliver education campaigns to empower Australians to better identify risks to their retirement savings. It currently has 12 court cases underway related to the Shield and First Guardian matters. Poor insurance claims handling, significant outage resulting ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... shares before leaking details of the takeover to the media, making over $300,000 profit for himself, ASIC said. The Federal Court in Sydney sentenced Forrest to five years imprisonment for insider trading and two years for procuring others to trade ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... years' imprisonment. Torre's sentencing was backdated to 29 January 2025 in a verdict handed down by the District Court of Western Australia. Torre was sentenced to three counts of stealing and two counts of fraud resulting in the misappropriation ...

AOFM names lead managers for 2037 Treasury Bond

ELIZA BAVIN  |  WEDNESDAY, 21 JAN 2026
... issuance, and a $50 million penalty for incorrectly reporting bond trading data to the AOFM over a two-year period. The Federal Court made the order in December 2025. At the time, AOFM chief executive Anna Hughes welcomed the court's decision. "The court's ...