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Showing 121 - 130 of 721 results for "Proceedings"

ASX bleeds $41bn from delistings

KARREN VERGARA  |  THURSDAY, 9 JAN 2025
... intentions to ditch the ASX in September, claiming it was materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, E&P ...

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... breaches since they partnered which have had a material impact on the fund and its members. ESSSuper filed Federal Court proceedings against Iress and its Financial Synergy Holdings subsidiary, claiming material breaches of contract and pre-contractual ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... mechanism to enable swift identification of financial information, including superannuation, by parties to family law proceedings or victim-survivors of family, domestic or sexual violence". Currently, super funds have no discretion over death benefit ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
The Federal Court has ordered Sasha Hopkins to pay $1.25 million and be disqualified for four years, in proceedings brought by ASIC. The court also ordered that The A Team Property Group, five of the investment schemes and associated companies be wound ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... current CHESS." The escalating costs come after the Australian Securities and Investments Commission (ASIC) launched proceedings against the ASX in August for allegedly making misleading statements related to the CHESS replacement project. ASIC alleged ...

Swan tells Bragg he won't front parliament

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... improve the way we manage claims made by our members and their loved ones. "These matters remain the subject of legal proceedings by ASIC, and we are focussed on continuing to improve the support we provide members. "Given that, John [Edwards, Cbus board ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... next year and a dedicated team has been established to support affected beneficiaries. This comes after ASIC launched proceedings against Cbus just this month for the same issue. Court documents filed by ASIC alleged Cbus members were impacted by delays ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
The Australian Securities and Investments Commission (ASIC) has filed proceedings against National Australia Bank (NAB) in the Federal Court. ASIC alleges NAB failed 345 of its customers at their most vulnerable when they applied for hardship support ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
The ASX has provided an update on its defence against the legal proceedings filed against it by ASIC over its handling of the CHESS replacement project. The ASX filed a Concise Statement in response to the proceedings brought by ASIC in the Federal ...