Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 171 - 180 of 2515 results for "Court"

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... services law," ASIC said. The banning order took effect from 25 August 2025. Last month, ASIC deputy commissioner Sarah Court told a parliamentary committee that the regulator has identified around 140 financial advisers who were involved in super switching ...

Federal Court dismisses Freedom Insurance staff allegations

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
The Federal Court has dismissed ASIC's claims that a former Freedom Insurance director and staff member were engaged in shocking and harmful sales tactics. Judge Goodman did not accept ASIC's claims that former director Keith Cohen and quality ...

Former Statewide Super executives acquitted

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
... Corporations Act. This month, both Netting and Eastwood were acquitted of all charges following a trial in the District Court of South Australia. Financial Standard understands Eastwood was dismissed by the jury while Netting made a successful no case ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... demonise all financial advisers. There's a lot of blame to go around here," Longo says. However, deputy commissioner Sarah Court did note that around 140 advisers are on an internal list at ASIC that have either had action brought against them, are ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... its risk management framework, this time relating to anti-money laundering. In October of the following year, the Federal Court ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... in making the Shield Master Fund available on its superannuation platforms. ASIC's proposed amendment remains subject to court approval." Equity Trustees Superannuation Limited (ETSL) director Mick O'Brien said EQT maintains that losses incurred by victims ...

ASIC helping with law reform over Shield, First Guardian

ELIZA BAVIN  |  FRIDAY, 10 OCT 2025
... months. We have 24 ongoing investigations into these matters, with more than 40 staff dedicated to them. We have appeared in court more than 45 times in relation to First Guardian and Shield matters," Longo said. "These are some of ASIC's most complex ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI  |  FRIDAY, 10 OCT 2025
... Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. In 2019, the Federal Court found Linchpin operated a fund unlawfully and without an AFSL. At one ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... offences, resulting in $1.6 million in fines. It also launched 38 new civil cases in the year resulting in $104.1 million in court-ordered penalties. Longo highlighted that in the last 12-18 months ASIC became increasing concerned with the rise in "unscrupulous" ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
... this month for failing to audit a listed company in line with ethical and independent standards. ASIC also accepted three court enforceable undertakings for multiple auditor rotation breaches from Hall Chadwick (NSW). While independence requirements ...