Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 394 results for "Justice"

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... create a legislative structure that is fit for purpose and that can accommodate future policy initiatives." ALRC president justice Sarah Derrington said the groaning complexity in the law regulating corporations and financial services comes at a significant ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... obligation to act efficiently, honestly and fairly and to comply with financial services laws. In handing down his decision, Justice Moshinsky said the failure to investigate the issue reflected poorly, particularly on AMP Life, calling into question ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss, ASIC said. Justice McEvoy said there is no evidence that reasonable investigations into the products or alternatives were conducted, nor that ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... services covered by its licence, as provided by MobiSuper, were provided efficiently, honestly and fairly," ASIC said. Justice Charlesworth said ZIB's conduct constituted "a serious departure from reasonable standards of performance of advice." ASIC ...

FICAP raises over $120k for charity

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... manager Julianne Sanders explained that for 40 years SHINE has supported children and young people effected by the criminal justice system. "Children with a parent in prison are the invisible victims of crime. They experience significant psychological ...

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... Senate has put the nation on the cusp of achieving the most ambitious federal climate, clean energy, and environmental justice investments in US history." "This package will bring enormous economic benefits across the country, all while addressing core ...

Natalie Cameron named AFCA lead ombudsman

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... and advice and as acting lead ombudsman in banking and finance. Locke continued: "Natalie has a passion for access to justice and delivering fair outcomes for both consumers and financial firms. She is a highly capable lawyer and she has an open and ...

Former adviser wins appeal, convictions quashed

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
... sentenced to 12 years in prison in 2019 will have his case retried, having successfully argued there was a miscarriage of justice. Ben Jayaweera was a financial adviser and director of now-defunct Growth Plus Financial Group, based in Queensland. In ...

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
... social media and described as "the fastest growing property mentoring company in Australia", ASIC said. The presiding Justice Beach ordered that A Team, Sash Investment Holdings, and Hopkins' assets be frozen, that they disclose their existing assets ...

Tesla axed from the S&P 500 ESG index

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... & governance (ESG) by S&P 500, while Tesla didn't make the list! ESG is a scam. It has been weaponised by phony social justice warriors." The billionaire he said he believed that Tesla had done more for the environment than any company ever.. In a more ...