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Showing 231 - 240 of 2510 results for "Court"

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... Multi-Strategy Fund. It ceased distributing units in the schemes in September 2023. ASIC said its application to the Federal Court seeks to preserve the assets of the scheme and obtain a clearer picture of the financial position of Australian Fiduciaries ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... 2024 CHESS batch settlement failure and fold it into the broader Inquiry. ASIC is currently suing the ASX in the Federal Court for allegedly making misleading statements related to its CHESS replacement project. "While this inquiry is underway, it is ...

Bentham adds to distribution team

ELIZABETH FRY  |  THURSDAY, 12 JUN 2025
... income sales team, where he advised private clients. He's a qualified solicitor admitted to Queensland's Supreme Court in 2024 after working at Norton Rose Fulbright. "We are pleased to welcome René and Joshua to the Bentham team at a time when ...

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... investors access to varied investment opportunities, while meeting related regulatory obligations." ASIC deputy chair Sarah Court said the Design and Distribution Obligations (DDO) are there to help make sure consumers get appropriate financial products ...

Perpetual mulls tie up with Partners Group

KARREN VERGARA  |  TUESDAY, 10 JUN 2025
Perpetual is mulling a partnership with Partners Group's Australian arm to develop products and investment strategies for public and private assets. Signing a letter of intent, the two parties hope to collaborate on launching investment vehicles or ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
ASIC has taken Choosi to the Federal Court for allegedly failing to provide a range of comparable options on life and funeral insurance policies to customers and instead flogging products solely from Hannover Life Re. From at least 1 July 2019 and to ...

ART pinged by ASIC over misleading returns data

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... consumers to believe that the Lifecycle Investment Strategy's performance was better than it truly was," ASIC deputy chair Sarah Court said. "Superannuation is the largest asset of many Australians outside their family home. This notice is a reminder ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... million of which is owed to former customers of the exchange. ASIC has commenced civil penalty proceedings in the Federal Court against Guo in relation to his dealings with customer funds on the basis of statements made about those dealings and failure ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... members, know they need to improve and accept the penalties that are brought against them. However, when it comes to the court applying large penalties on profit-to-member funds, Constant said concerns that members might foot the bill is a "sideshow". ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... Sunsuper to create Australian Retirement Trust (ART), Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which ...