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Showing 131 - 140 of 5384 results for "Federal"

Federal Court dismisses Freedom Insurance staff allegations

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
The Federal Court has dismissed ASIC's claims that a former Freedom Insurance director and staff member were engaged in shocking and harmful sales tactics. Judge Goodman did not accept ASIC's claims that former director Keith Cohen and quality ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... deficiencies in its risk management framework, this time relating to anti-money laundering. In October of the following year, the Federal Court ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism ...

Australian economy 'at a crossroads': CBA

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... defence and infrastructure investment, the report said. The report also warned of ongoing risks, including the threat to US Federal Reserve independence. "A loss of Fed credibility would undermine markets and drive-up long-term inflation expectations," ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... of the valuation range set out in the Financial Position Report prepared by the liquidators of Shield by order of the Federal Court. This indicated that the liquidators expect a material recovery of funds on behalf of members invested in the Shield Master ...

Government reviewing $3m super tax

ELIZA BAVIN  |  FRIDAY, 10 OCT 2025
... around whether the legislation would be ditched as it continued to be pushed back when parliament resumed following the Federal Election, which Chalmers swiftly denied. "We're proceeding with the policy that we announced two and a half years ago. ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI  |  FRIDAY, 10 OCT 2025
... Group and Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. In 2019, the Federal Court found Linchpin operated a fund unlawfully and without an AFSL. ...

Instos continue to bite on risk: State Street

MATTHEW WAI  |  THURSDAY, 9 OCT 2025
... all-time highs seemingly every day and, volatility measures remain subdued. This positivity was clearly boosted by the US Federal Reserve lowering interest rates in September for the first time this year, whilst also signalling that it would ease a further ...

Payday super laws introduced to parliament

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... government has introduced the payday superannuation bill in the House of Representatives today. First flagged in 2023-24 Federal Budget, the legislation stipulates that from 1 July 2026, employers must pay their employees' superannuation at the same ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
... audit." BDO was the auditor of defunct Keystone Asset Management, the responsible entity of the Shield Master Fund. When the Federal Court appointed new receivers and administrators in September 2024, BDO found that Keystone failed to maintain proper ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... but has committed to reimbursing investors' retirement savings by September 30. ASIC commenced proceedings in the Federal Court against Macquarie Investment Management Limited (MIML) after it admitted it did not act efficiently, honestly and fairly ...