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Showing 161 - 170 of 770 results for "Federal Court"

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... which alleges that under its former name as Evans Dixon, clients were misled and provided conflicted advice. The Federal Court is overseeing the lawsuit, which named subsidiary Dixon Advisory and Superannuation Services and former chief executive Alan ...

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 takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
... followers share trading tips on social media under the handle 'ASX Wolf'. The regulator filed proceedings in the Federal Court that will seek to restrain Scholz from carrying on any financial services business in Australia. Under his ASX Wolf handle ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... system failure by a major bank impacting thousands of customers." ANZ said it will join ASIC in submitting to the Federal Court a proposed penalty of $25 million and that it has enhanced its processes.

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
La Trobe Financial has been fined for misleading investors in its $5 billion fund. The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for false and misleading marketing of the La Trobe Australian Credit Fund ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
ASIC has commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... Residential Property Fund (URF) and related products between 2 September 2015 and 31 May 2019. ASIC ultimately dropped its Federal Court case against Evans & Dixon and instead ordered it to pay a $8.2 million penalty, of which $1 million will go to the ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
... by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against QSuper, saying the fund changed life insurance policies and premiums on 1 July 2016 in a move that saw white collar ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... conwoman Melissa Caddick, including a Sydney home worth more than $6 million, must be sold to pay back victims. The Federal Court has found Caddick and her company, Maliver, carried out a financial services business without holding an AFSL. The court ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... 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, the entity ...