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Showing 141 - 150 of 190 results for "Sarah Court"

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... insurer's duty is not just owed to whoever the insurer considers to be a perfect policyholder," ASIC deputy chair Sarah Court said. "Insurers deal with their consumers at their most vulnerable. This makes it crucially important that they ensure their ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... credit cards. ASIC claims that despite this, Amex continued to issue the credit cards until July. ASIC deputy chair Sarah Court said the DDO embeds a consumer-centric approach for the issuers and distributors of financial products. "Product providers ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
... "Greenwashing is not limited to environmental claims but extends to misleading ethical propositions," ASIC deputy chair Sarah Court said. "Entities which seek to promote ethical investing must ensure their statements are accurate and able to be substantiated. ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
... that the financial services covered by its licence were provided efficiently, honestly and fairly. ASIC deputy chair Sarah Court said: "ASIC pursued this case because we believed CBA did not have robust compliance systems to ensure customers were being ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... because a product hinges on a crypto-asset, does not mean it falls outside financial services law," ASIC deputy chair Sarah Court said. "ASIC is aware that many consumers are interested in purchasing or investing in crypto-assets. Crypto-assets are risky ...

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... reasonable basis to make the representations, or that the representations were factually incorrect. ASIC deputy chair Sarah Court said: "As entities promote sustainability and green practices as part of their value proposition, they must ensure they ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... that they must invest in their systems to ensure consumers are not adversely affected or harmed," ASIC deputy chair Sarah Court said. Seven cases remain in front of the courts, including those against ACBF Funeral Plans and Youpla Group and Freedom I ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... we are concerned that it will limit the operation of conflicted remuneration laws introduced in 2012," deputy chair Sarah Court said. "Conflicted remuneration has the potential to cause significant consumer harm because it can prevent consumers from ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... period. CommSec's failures also resulted in millions of dollars being overcharged to customers," ASIC deputy chair Sarah Court said. "When market participants fail to comply with the Market Integrity Rules, they undermine the integrity of Australia's ...

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
... approved in Australia and both the Qoin Facility and BPS were compliant with financial services laws. ASIC deputy chair Sarah Court said: "We allege that, despite what BPS represented in its marketing, Qoin merchant numbers have been declining, and that ...