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Showing 221 - 230 of 2512 results for "Court"

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 ...

Funeral insurer fined $4.75m

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
ACBF Funeral Plans has been ordered by the Federal Court to pay an additional $3.5 million penalty for misrepresenting that it was Aboriginal owned or managed when it was not. ACBF, a wholly owned subsidiary of Youpla Group (then ACBF Group), offered ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... director James Mawhinney has been associated with or involved in contraventions of the law by his companies, the Federal Court determined. The contraventions concern the marketing of three products - the M+ Fixed Income Notes, M Core Fixed Income Notes ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... slugged investors with excessive insurance fees. Shine Lawyers confirmed the class action has been filed in the Federal Court of Victoria on behalf of hundreds of thousands of Australians who it alleges were charged excessive insurance premiums within ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
... a fresh class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary Limited (N.M. Super) and has also been commenced against ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... which has culminated in hundreds of millions of dollars in lost or inaccessible retirement savings. ASIC deputy chair Sarah Court pointed out at a media briefing yesterday that across the value chain - from the lead generator to the financial adviser ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... and fined $6000. He was permanently banned the following year, and ASIC then filed a contempt application in the Federal Court. Now, Fuoco has been convicted on 18 charges of contempt and sentenced to 12 months' imprisonment, with Justice Horan saying ...

Elanor Investors courts suitors for possible takeover

JAMIE WILLIAMSON  |  WEDNESDAY, 2 JUL 2025
Elanor Investors is currently considering several offers, including potential takeovers, saying it has so far engaged with more than 15 interested parties as part of its strategic review. In a business update, the real estate fund manager said it is ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
The Federal Court has granted a travel restriction order against Falcon Capital Limited directors David Anderson and Simon Selimaj, as the responsible entity of the First Guardian Master Fund, following an application from ASIC. The orders prohibit ...