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Showing 121 - 130 of 450 results for %22High Court of Australia%22

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... of the fund and did not exercise the degree of care and diligence required. The regulator said they had not maintained the high standards expected of a financial services adviser and demonstrated a lack of integrity, judgement and professionalism. ASIC ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... year there were 15 criminal and 66 civil financial services related matters with no resolution. ASIC appeared in the High Court to bring a case against APCHL, an entity of Prime Trust, which owed investors $550 million upon its collapse. ASIC sought ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... "For serious contraventions, amendments made by the Senate to this Schedule that were tabled by the Opposition allow for a Court to fine the trustee or director up to 2,400 penalty units," it read. A serious breach of directors' duties (such as intentional ...

Budget surplus unlikely as economy stalls: Fitch

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
Economic slowdown and waning tax revenue is set to delay the Federal Government's 2019/20 financial year surplus, according to market analysts at Fitch Solutions. In December 2018, Treasurer Josh Frydenberg and Finance Minister Mathias Cormann announced ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... and by lifting governance standards, the PC argues that millions of Australians have been poorly served and penalized by high fees or foregone savings. To get a sense of the PC's resolve in this regard you only need to glance at some of their final ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... Federal Government to extend the transition period provided to Dover Financial Advisers' authorised representatives. High profile adviser under fire The Royal Commission claimed a high profile scalp early, when it heard evidence in April that Fair ...

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
... in 2021-22. This includes bringing forward the release of 10,000 home care packages to connect more older Australians with high-level support. The Government is also establishing a new National Elder Abuse Hotline to provide a point of access to state ...

DomaCom raises more capital

HARRISON WORLEY  |  TUESDAY, 11 DEC 2018
... 15 cents per note conversion price. DomaCom chief executive Arthur Naoumidis said the firm was pleased it found a "truly high conviction" Australian institutional investor help it deliver on its potential. "This funding completes a key part of our recapitalisation ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... since 2016. It was only last week that it decided to take a firm hand and commence proceedings against IOOF in the Federal Court of Australia. APRA chair Wayne Byres recently told the last round of the Royal Commission that the prudential regulator is ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
... have admitted to wrongdoing before their victims, however have displayed arrogance in telling customers to "take them to court." "Privately, the bank basically admitted they're wrong, but they just say I'll have to take them to court if I want ...