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Showing 161 - 170 of 4198 results for "Action"

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... assurance by the end of the year that compensation would be forthcoming," he said. "We believe this is the right course of action for Netwealth and impacted members and is in line with our culture and values." In its case, the regulator said it is seeking ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Equity Trustees Superannuation Limited (ETSL) to address concerns relating to its investment governance frameworks and practices, including oversight ...

ASX to undergo 'circuit breaker' reforms

ELIZA BAVIN  |  MONDAY, 15 DEC 2025
... cannot be achieved through current tactical, incremental measures or business as usual. ASIC chair Joe Longo said urgent action was needed to set ASX on the right path. "ASX needs to embrace a new era of accountability, investment, and stewardship to ...

ASIC suspends MW Planning AFSL over missing responsible manager

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... advisers were banned for recommending the doomed investment scheme between July and October. Last month, ASIC took legal action against MWL Financial Services and lead generator Imperial Capital Group Australia for their involvement in Shield.

ASIC issues $2.2m infringement notices

ANGELIQUE MINAS  |  THURSDAY, 11 DEC 2025
... proprietary companies and other entities with financial reporting obligations in 2026." "We are stepping up enforcement action against financial reporting misconduct and will continue to leverage a range of data sources to identify potential non-compliance ...

AMP to pay $29m to settle class action

RIDDHIMA TALWANI  |  THURSDAY, 11 DEC 2025
AMP has settled a class action brought by Shine Lawyers in 2020, which claimed the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients. The AMP commissions and insurance class action was commenced ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
... ability to access their accounts. APRA's imposition of licence conditions mean that HESTA is required to take prompt action to address deficiencies. APRA will utilise its powers to hold trustees accountable to meet their obligations to members." ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
ASIC is taking further action against Spice Capital Partners and its founder Colin Oxlade for providing unlicensed financial services and financial product advice that ultimately raised nearly $2 million from investors. ASIC alleges that Oxlade, who ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... periods. ASIC is also suing Interprac Financial Planning for funnelling clients into Shield and First Guardian. On taking action against Diversa, ASIC deputy chair Sarah Court said: "This action furthers ASIC's commitment to seek compensation for ...

1659 First Guardian, Shield complaints reach AFCA

KARREN VERGARA  |  MONDAY, 8 DEC 2025
... involved in these losses - the lead generator, the fund itself, the research house - which is reflected in some of the action that ASIC has taken." Unfortunately, he said, AFCA does not always have jurisdiction over all these areas. AFCA has also been ...