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

Search Results

Showing 211 - 220 of 2510 results for "Court"

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... relation to superannuation administration fees. George said AMP "will continue to fight that hard", noting it returns to court in October. These costs may well increase, with Shine Lawyers having filed another class action in relation to excessive insurance ...

Lederer Group bids for Elanor Commercial Property Fund

KARREN VERGARA  |  TUESDAY, 5 AUG 2025
... million at the end of December 2024. These include 34 Corporate Drive in Cannon Hill, 9 Harris Street in Pyrmont, Garema Court in Canberra and 196 OG Road in Adelaide. Lederer Group, a family business, owns properties in New South Wales, Queensland and ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... substantially diluted their ownership with several capital raises. FNZ B class shareholders filed the class action at the High Court of New Zealand where FNZ is domiciled, claiming the board breached the New Zealand Companies Act 1993 by approving the ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... Professional Wealth Management Services (PWMS) and Professional Wealth Investments (PWI) appeared in the Downing Centre Local Court yesterday on six charges of dishonest conduct in relation to a financial product, contrary to s 1041G of the Corporations ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
The Federal Court has dismissed ASIC's appeal in the Finder Wallet case relating to the defunct crypto-asset related product Finder Earn. Wallet Ventures (previously known as Finder Wallet) is an AUSTRAC-registered digital currency exchange. The ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... associated with ASIC and APRA, when it did not. Beresford also established Asset Capital Holdings in September 2020. The Federal Court froze his funds and ordered the winding up of his two unlicensed financial services businesses. On 27 June 2024, Beresford ...

Dexus rebuilds DWSF with $683m investment

ELIZA BAVIN  |  WEDNESDAY, 23 JUL 2025
... stake in Westfield Chermside, Brisbane, for $683 million. This fresh investment comes after Dexus Funds Management launched court action against AMP and Collimate Capital in relation to the forced sale of its interest in the Macquarie Centre, which was ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... with its cybersecurity obligations that exposed the information of its financial advisers and clients. In the NSW Supreme Court, ASIC alleges Fortnum exposed its authorised representatives (ARs) and clients to an "unacceptable level of risk of a cyber-attack ...

1MDB mastermind found in Shanghai with Aussie passport: Reports

JAMIE WILLIAMSON  |  MONDAY, 21 JUL 2025
... establish. Razak was recently released from prison after having been charged over the scandal. He was discharged by the High Court but not acquitted of the charges. This was in relation to funds that were taken from SRC International, a 1MDB subsidiary. ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... immediately registered the advisers in question after becoming aware they were not, ASIC noted. The regulator also noted that the court could impose a fine of $62,600 for each offence, and said it considered the licensees' response in deciding its ...