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Showing 241 - 250 of 812 results for "Judge"

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... marketing. Stuart Klees sued M101 Holdings, claiming that he was deceived into investing in the M+ and M Core Notes, but the judge found Klees failed to prove his case. This is despite M101 Nominees, which issued the M Core notes, being wound up by ASIC. ...

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... investigation being conducted following a complaint. McSweeny was found unfit to stand trial on 11 February 2020, with the judge finding that there was enough evidence to support the charges of dishonesty and falsifying books in the absence of evidence ...

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... account and paid deposits in what ASIC labelled a "Ponzi-style" operation. When Maureen Johnston was sentenced, the presiding judge said Maureen Johnston was "intentionally dishonest and blatantly opportunistic" and noted that her victims included the ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... Corporations Act when recommending customers rollover of superannuation accounts to Westpac/BT products. At the time, the judge said ASIC failed to prove the phone calls constituted personal financial advice. Under their respective AFSLs, WSAL and BTFM ...

QBE appoints local chief executive

KANIKA SOOD  |  TUESDAY, 2 FEB 2021
The ASX-listed insurer has hired Westpac's managing director for insurance as its new chief executive for Australia and Pacific division. Sue Houghton will join QBE in the Sydney-based role in August. Houghton is currently Westpac's managing director ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration. The cancellation took effect from 8 January 2021 and allows the licence to operate ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
The $180 billion superannuation fund has been ordered to audit certain procedures, after a member's complaint to a federal regulator found the fund interfered with their privacy. The Office of the Australian Information Commissioner (OAIC) on December ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
The corporate regulator has lambasted the major auditors for sloppy work, and poor governance and accountability practices. A sample of audits for the six months to June 2020 questions the quality and integrity of audit services. In aggregate, ASIC ...

UniSuper wins in court judgement on board

KANIKA SOOD  |  THURSDAY, 10 DEC 2020
The Victorian Supreme Court on Tuesday decided in favour of the $83 billion industry fund after a union asked the court to decide on its rights in nominating a director for the UniSuper board. The Community and Public Sector Union (CPSU) on September ...

The real cost of a bad chief executive: AICD, ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 10 DEC 2020
New research has revealed the true cost of a toxic chief executive to a company, indicating that poor culture from the top can permeate an entire organisation. The report, produced by the Australian Institute of Company Directors (AICD) and the Australian ...