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Showing 211 - 220 of 566 results for "Civil"

Foreign investors face tip offs

ANNABELLE DICKSON  |  TUESDAY, 22 DEC 2020
... infringement notice penalties for residential land valued over $5 million to support more effective enforcement, as well as new civil penalties and infringement notices for providing false or misleading information. For those breaching the foreign investment ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
ASIC has commenced civil penalty proceedings against brokerage firm Union Standard International Group and its affiliates. The corporate regulator has taken action against the Sydney-based retail over-the-counter derivatives issuer and its former corporate ...

FPA announces 2020 award winners

KANIKA SOOD  |  THURSDAY, 26 NOV 2020
An adviser from Western Australia has won the FPA Certified Financial Planner Professional of the year award, as the association announces its 2020 award winners. Zacary Leeson of HPH Solutions took home the award as an acknowledgment to positive impact ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... developed by working groups of more than 140 participants from over 80 organisations, including financial institutions, civil society, academia, regulators and government, and supported by APRA and ASIC, in observer roles. "I think the process we went ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... and Marie admitted the contraventions in a statement filed with the court along with joint submissions for declarations, civil penalties and the disqualification order to be imposed. The judge noted in handing down his judgment that the circumstances ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... provisions which has consumer protection and member outcomes as their touchstone. These co-regulated provisions are either civil penalty provisions or provisions that are otherwise enforceable. ASIC will be given the power to approve and revoke voluntary ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... that have paid the highest penalties after it breached anti-money laundering laws 23 million times. Westpac agreed to pay a civil penalty of $1.3 billion, which equates to just $56.52 per breach. Additionally, as part of the $1.2 billion loss, about ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... clients' CFD losses in their trading account. Offering inducements such as trading credits or gifts like iPads are also banned. Civil and criminal penalties apply to contraventions of the order, ASIC warned. Following reviews of the instruments in ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... penalty imposed by the Court reflects the serious contraventions by NAB and is an important result for ASIC's first civil action alleging contraventions of s31(1) of the National Credit Act," ASIC deputy chair Daniel Crennan said. ASIC's investigation ...