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Showing 161 - 170 of 566 results for "Civil"

ASIC unveils details of FSCP operations

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... cancel a financial adviser's registration, issue infringement notices in certain circumstances, recommend that ASIC commence civil penalty proceedings, and enter into enforceable undertakings with advisers. ASIC can refer advisers to the FSCP if it believes ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last ...

Pensioners could solve skills shortage

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... wage before their pension is reduced. The government's latest Skills Priority List shows that accountants, auditors, civil engineers, vets, and agricultural scientists are highly in demand. There is also a shortage of nurses, childcare workers, cooks ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... who served as chief executive for 11 years. AvSuper started life in 1990 for employees of Airservices Australia and the Civil Aviation Safety Authority (CASA) before going public offer in 2005. Despite this, the fund has failed to grow, with its 2014 ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... compliance wrong they are publicly humiliated, banned and commercially destroyed." In an unprecedented move, ASIC commenced six civil penalty proceedings against Westpac for widespread compliance failures on November 30. The six matters filed related ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
In an unprecedented move, ASIC has commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
A plaintiff in the Piper Alderman-led class action against Dixon Advisory is attempting to ring fence the $7.2 million civil penalty determined by ASIC. Kosen-rufu, an applicant in a class action against Evans & Dixon (now E&P Financial Group) and subsidiary ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... Court in the hope of returning money to investors. In March 2021, ASIC withdrew criminal charges against Caddick to enable civil proceedings in the Federal Court to continue.

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
ASIC is suing MLC over insurance failures spanning more than 20 years. The regulator commenced civil penalty proceedings in the Federal Court for insurance policy and service failures that occurred between 1999 and 2020. The action is against MLC Limited ...