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Showing 201 - 210 of 566 results for "Civil"

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
... avoid paying potential tax liabilities," the ATO said. "Taking part in this arrangement and others like it can result in civil and criminal actions and could ultimately put your retirement savings at risk." The ATO said trustees who have been approached ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... Reform (Hayne Royal Commission Response) Bill was passed, delaying the ban on super trustees using member's money to pay civil or criminal penalties resulting from breaches of the Corporations Act or ASIC Act. The ban will now come into effect from ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
... and support." Westpac has been embroiled in several legal matters recently besides the AUSTRAC matter where Westpac paid a civil penalty of $1.3 billion relating to breaches of anti-money laundering and counter terrorism laws. The bank also had its appeal ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

Government fund names new chief executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... AvSuper was established in 1990 to provide super benefits to employees and former employees of Airservices Australia and the Civil Aviation Safety Authority (CASA). It went public offer on 1 July 2005 and currently has more than 6500 members.

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... dishonest conduct in financial services - in exchange for immunity. ASIC says it can offer such individuals immunity from civil proceedings, while working with the Commonwealth Director of Public Prosecution (CDPP) on criminal immunity. This is for some ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... according to law firm Allens. "While the modifications are welcome, in that they may provide a measure of protection in civil proceedings where a listed company decides against updating the market as to its earnings outlook because of the additional ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... trading update this morning. As the AUSTRAC matter concludes and ASIC is no longer taking further action after Westpac paid a civil penalty of $1.3 billion relating to breaches of anti-money laundering and counter terrorism laws, the bank flagged it ...

Macquarie backs medical drone testing

ANNABELLE DICKSON  |  MONDAY, 25 JAN 2021
... the drones and the control systems for flying along with designing pathways to ensure the drones can share airspace with civil aviation. "This project has the potential to completely revolutionise the way in which healthcare services are delivered in ...