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Showing 1 - 10 of 450 results for %22High Court of Australia%22

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... tackling manipulation in energy and commodities derivatives markets has been an ASIC priority," ASIC deputy chair Sarah Court said. "Farmers use these contracts to manage wheat price fluctuations which can affect what Australians pay at the checkout." ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... take ASIC on," he said. "From time to time our powers are challenged in the courts, sometimes all the way up to the High Court. That's a resource-intensive activity." Longo said the regulator was overrun with complaints that do not fall under its remit ...

Non-compete clauses come under the microscope

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... The use of non-competes and other restraint clauses is particularly prevalent in knowledge-based service industries, where high-skilled labour is a key determinant of firm success. The research found many firms appear to deploy restraint clauses indiscriminately. ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... allegations relating to statements about compliance with data-handling and cybersecurity obligations. These types of claims are high risk for consumer-facing organisations, especially those with a significant volume of personal and sensitive data-including ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... functions, transition Diverger employees, and integrate its systems. "This new chapter for Count would enable it to offer high-quality, holistic financial services to more clients in Australia," he said.

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... boasts 116,000 followers on Instagram, has recently flaunted his lavish lifestyle on social media, posting videos from a high-end restaurant in Dubai and showcasing drives in a Rolls Royce. Additionally, he shared a message with his followers: "If there's ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... Regulators. Emphasising the urgency of an inquiry, Bragg alleged that ASIC has deviated from its sole mandate to enforce Australia's corporate law. "ASIC says its enforcement record is stronger than ever, on the basis that they have had courts impose ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... members held multiple income protection insurance policies at the same time, the policy provided little to no coverage. Court documents show Rest has until March 28 to file its defence. The first case management hearing is scheduled for May 10. According ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
Commonwealth Bank was fined $10.3 million by the Federal Court for its involvement in wage theft which led to $16 million in underpayments to over 7400 workers. The case emerged after the Finance Sector Union (FSU) uncovered the bank's systematic ...
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