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Showing 141 - 150 of 2453 results for "Court"

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... superannuation trustees to be more accountable for Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings against two super funds over their claims handling practices. In January 2025, we called out trustees for ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Equity Trustees will face court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield ...

Former adviser back in Australia to face theft charges

JAMIE WILLIAMSON  |  MONDAY, 25 AUG 2025
A former financial adviser accused of stealing millions from clients will finally face court after being extradited back to Australia from New Zealand. Marion Pearson allegedly stole $4.1 million from 13 clients between January 2009 and October 2013. ...

Singapore investment firm to add 835 student beds in Perth

MATTHEW WAI  |  MONDAY, 25 AUG 2025
... Curtin University Student Accommodation project via Infranexus. Its platform already manages the concession for the District Court of Western Australia and Southern Cross Station.

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
The Federal Court imposed urgent interim orders to freeze the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton, with ASIC concerned more than $50 million of investor funds is at risk. ASIC is investigating FMPE ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege Mercer Super failed to report seven serious investigations at all, while another was reported ...

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... superannuation 'health check,'" ASIC said at time of banning. Subsequently, ASIC obtained interim orders from the Federal Court freezing the assets of UGC and its authorised representative Global Capital Property Fund (GCPF). The entity entered ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... been charged with insider trading and procuring others to trade Platinum Asset Management shares. At Sydney's Local Court yesterday, Forrest pleaded guilty to two counts of insider trading between August and September 2024. ASIC alleged he acquired ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... join Avanteos Investments (AIL) as a party in respect of claims regarding the FirstWrap Pooled Cash Account. CBA said the court has ordered that mediation take place by 8 May 2026 and the matter is listed for a trial commencing 9 November 2026. CBA ...