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Showing 241 - 250 of 683 results for "Proceedings"

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
... Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh Mennen ...

How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... had a prenuptial agreement in the state of Florida, but his ex-wife was able to successfully argue during divorce proceedings that they were residents of California. Woods had purchased a home in California and could not prove residence in Florida, so ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... Advice is now owned by IOOF Holdings. The case was under the spotlight at the Hayne Royal Commission. ASIC commenced proceedings against RI Advice and Doyle in October 2019, seeking declarations of contravention, compliance orders and penalties. The ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... insurer admitted it misled and made false representations to customers. The Financial Markets Authority instigated the proceedings after it alleged that AIA enhanced policy benefits, charged premiums after a policy was terminated and treated terminated ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... entities over fees for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of the AMP Limited group. The ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... systems and processes are reliable, accurate and their customers must be able to have trust in them." ASIC commenced proceedings against Westpac's subsidiaries in August 2020. It was only in October 2016 that a customer identified the erroneous charges. ...

Astute Wealth alleges copyright breach

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
... to reproduce our intellectual property for their commercial advantage," he said. "Astute Wealth intends to commence proceedings against Lumiant, unless certain terms are met by 20 July 2021." Some of the terms include forcing Lumiant to inform all clients ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... contravention for instances before 13 March 2019, and $10.5 million for each contravention after that. A draft of the proceedings, which was shared by Evans Dixon on the ASX before the actual filing, said the total number of contraventions was 126. It ...

Stop abusers hiding super: AIST

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
... will remove the cost, administration and time barriers which currently make it difficult for those in Family Court proceedings to gain full visibility of super assets. Under the reforms, an individual would be able to apply to the court to request their ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward Thomas. They claim that financial advisers working for Commonwealth Financial Planning ...