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Showing 1 - 10 of 566 results for "Civil"

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... best interests." Court added ASIC's investigations into the matters connected to Shield are continuing. ASIC is seeking civil penalties, disqualification orders against the former directors and costs. Last year, some 3000 investors had their $321 million ...

ASIC charges developer over alleged $10m fraud

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
... imprisonment. The matter is being prosecuted by the Commonwealth Office of the Director of Public Prosecutions. Separate civil and contempt proceedings involving McWilliams, his wife Laura Fullarton and associated entities remain before the courts.

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... concerned that the same term that was found to be liable to mislead the public was also found not to be unfair. ASIC began civil proceedings against HCF Life in May 2023 alleging that its insurance policies contained the unfair contract term and could ...

Block Earner found to have offered an unlicensed financial product

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
... financial products, and if so, ensure they are appropriately licensed or authorised before distributing them." ASIC commenced civil penalty proceedings against Block Earner in November 2022 over concerns on investor protection, and although Block Earner ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
... in this case to envisage a more serious case of contravening conduct," he said. The judgment also marks the first time a civil penalty has been imposed on a financial services licensee for failing to ensure services were provided efficiently, honestly ...

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... in Release 1 and settlement and subregister services in Release 2. Release 1 went live on 20 April 2026. ASIC commenced civil penalty proceedings in the Federal Court against ASX in August 2024, alleging it made the now admitted misleading statements. ...

FCA pursues Neil Woodford again

KARREN VERGARA  |  THURSDAY, 11 JUN 2026
... investment advice via W4.0, his Dubai-based investment platform. The UK's corporate and financial watchdog commenced civil proceedings against Woodford and W4.0. The FCA alleges Woodford and W4.0 are "providing regulated investment advice and making ...

Franklin Templeton's Western AM hit with US$100m penalty

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
... week, Western AM did not admit to the SEC's findings, but agreed to a cease-and-desist order, a censure, and to pay a civil penalty of US$100 million. "The SEC's order finds that Western Asset wilfully violated Sections 206(2) and 206(4) of the ...

Treasury releases adverse genetic test results ban draft regulation

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
... proposed draft regulation is also "strengthening compliance and enforcement by confirming that strict liability offences and civil penalty provisions will be captured under the infringement notice scheme in the Insurance Contracts Act 1984." "Once in ...

ART backs Queensland space company with $14m investment

VINNY VUCAGO  |  TUESDAY, 9 JUN 2026
... capability through its Bowen Orbital Spaceport in North Queensland and provides satellite and launch services to commercial, civil and defence customers. The investment has been made through ART's private equity mandate with QIC, one of Australia's largest ...
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