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

Search Results

Showing 251 - 260 of 2418 results for "Claims"

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... $4.8 million to cover the period from April 2 to 30 June 2024. This will be funded by the government. The CSLR will pay 11 claims for this period, one of which is for a Dixon Advisory victim. The second levy estimate, however, totals $24.1 million and ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated are pushing customers to buy other items to access the coveted "icon of fashion" - an illegal tying arrangement. ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions filed in 2023 were the second highest of all time. As for where the risks lie in 2024, Allens said cyber claims will likely increase as coming reforms will make them easier to pursue. "A key theme of these claims is cyberwashing - each ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... intermediation, and $900,000 for securities dealing. The government will pay for the first levy period which covers compensation claims and costs from April 2, when the CSLR takes effect, to June 30. In the second round, advisers will foot the bill of ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... James Mawhinney, and the liquidators appointed to IPO Wealth reached a settlement in which the liquidators abandoned all claims against Mawhinney and his companies. It was approved by the Supreme Court of Victoria in November of that year, but its terms ...

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... "scare campaigns" regarding the supposed burden on small businesses, saying that there is "no evidence" to support such claims. She added that any changes that sever the link between an employer and an employee taking parental leave would undermine the ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... issues included breaches of the SIS Act and SIS Regulations, incorrect cancellation of insurance policies and inadequate claims handling. In investments and advice the issue was that a processing error had seen charges applied that didn't align to the ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
Hostplus rejects claims it is promoting anti-competitive behaviour in attempting to ban human resources technology platforms from offering employees choice of superannuation funds at the onboarding process. Employment Hero chief executive Ben Thompson ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... Commission chair Gary Gensler recently highlighted, while new technologies often generate buzz, they may also give rise to false claims, possibly presaging a proliferation of AI washing - mispresenting the extent to which a product or technology solution ...