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Showing 121 - 130 of 153 results for "Courts"

Market Wrap - Midday

AAP  |  THURSDAY, 7 FEB 2008
The Australian share market was weaker at noon following inflation concerns in the United States and Rio Tinto's rejection of BHP's takeover offer. At 1207 AEDT, the benchmark S&P/ASX200 was down 53.2 points, or one per cent, at 5556.2, while the broader ...

Market Wrap - Morning

AAP  |  MONDAY, 22 OCT 2007
... Holdings Ltd holds its annual general meeting and legal action against Aristocrat Leisure Ltd by shareholders continues in the courts. The Australian stock market fell on Friday, with the materials and finance sectors the worst performers. The benchmark ...

No more sustainable investment roadblocks: Russell

CHRIS NICHOLLS  |  THURSDAY, 11 OCT 2007
... "In Australia, trustees must act both in the 'best interests' of their members and satisfy the 'Sole Purposes Test'. The courts have repeatedly confirmed that best interests in this context means financial best interests and that the sole purpose of ...

Intech courts alternatives

HAMISH MADDEN  |  TUESDAY, 12 JUN 2007
Skandia's 2006 acquisition Intech has ramped up its exposure to alternative investment strategies with the launch of its Global Trading Strategies Trust II (GTSII) diversified alternatives trust. "Intech's diversified trust investors now have the opportunity ...

Adviser jailed for five and a half years

HAMISH MADDEN  |  FRIDAY, 9 FEB 2007
... services license and providing false information to ASIC officers during examinations. "Today's outcome shows that the courts will take a firm view of those who disregard the law, in this case acting dishonestly with investors and failing to cooperate ...

Beware of hedge risk: Deloitte

... depending on structure, may be regulated by the Australian Securities and Investments Commission (ASIC). By contrast, the US courts are blocking attempts by the regulator, the Securities and Exchange Commission, to require registration. Michelle Baltazar ...

Courts continue to unwind Westpoint mess

HAMISH MADDEN  |  FRIDAY, 8 DEC 2006
The Federal Court has ordered the winding up of 14 companies associated with Norman Carey and the Westpoint group. Ruling on an application made by the Australian Securities and Investments Commission (ASIC), the Federal Court ordered the winding up ...

Super roll-over promoter to serve time

HAMISH MADDEN  |  MONDAY, 25 SEP 2006
... that promoters of schemes designed to give consumers illegal early access to their superannuation are brought before the courts. We also remind consumers that establishing a self-managed superannuation fund for the purpose of gaining early access to ...

ASIC defends AMP FP action

KATE HAGE  |  THURSDAY, 3 AUG 2006
... future. "You need to ask what's the best outcome for those affected," said Lucy, adding that dragging the matter through the courts could delay any compensation by up to two years. Opening the Investment and Financial Services Association's (IFSA) annual ...

GIO Insurance directors hit with heavy penalties

HAMISH MADDEN  |  THURSDAY, 3 AUG 2006
... later withdrawn. Jeffrey Lucy, chairman of ASIC, said the result should send a signal to all responsible officers that the courts would hold them to account where they failed in their duties. "The very serious consequences for company directors and officers ...