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Showing 251 - 260 of 803 results for "Judge"

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
The Australian Securities and Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year. Speaking at the Association of Financial Advisers Conference, ASIC senior executive ...

FASEA releases more Code of Ethics guidance

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
FASEA has released a draft Financial Planners & Advisers Code of Ethics 2019 Guide for consultation. The draft is intended to provide an explanation of the application of the code. "The Code of Ethics provides an ethical framework of values and standards ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
A West Australian financial adviser who has worked across some of Australia's largest licensees could face 15 years in jail after being charged with four counts of dishonest conduct in relation to hardship superannuation requests. Rahul Goel is ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
... represented by Ashurst Australia, made five key points. First, it said it had a strong prima facie case against Kingston. The judge accepted this for the purpose of the motion, saying China Insurance had a good arguable case to recover the $122 million ...

ETFs undermine product comparison: Research

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
... risk," Vynokur said. Moreover, most ETFs in Australia are transparent in the fees charged, he added. "Just as you cannot judge a book its cover, you cannot judge an ETF by its name," said ETF Securities co-head of sales Kanish Chugh. Chugh said the ETP ...

SMSF claim over Dreamworld deaths hits snag

ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
... were asked to hand over an intercompany guarantee, insurance documents and insurance related correspondence. However, a judge dismissed the application after finding that Ingram and Tulloch did not have a proper reason to inspect the documents. The judge ...

ASIC reinforces power to obtain documents

ELIZABETH MCARTHUR  |  MONDAY, 14 SEP 2020
... file review deemed inadmissible as evidence due to professional privilege, as Financial Standard previously reported the judge decided RI Advice had no good reasons for keeping the documents out of court. Separately, ASIC successfully obtained an order ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... service fees in November in 2018 and affected members have been compensated with a total $117 million paid by May 2019. Judge David Yates ordered MLC to pay $49.5 million and NULIS $8 million, noting that MLC's contraventions were more severe. NAB ...

Interim insolvency protections extended

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... advice on the state of their business. "The voucher would ensure small businesses have access to the expertise they need to judge business viability. Unfortunately small businesses with cash flow issues, compounded by falling revenue, may not seek out ...

ASIC can use RC evidence in RI Advice case

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 SEP 2020
... confidential information. However, a version of the Third File Review is still available on the Royal Commission website. Judge David O'Callaghan ruled that material RI Advice submitted to support its claim of privilege was "hearsay and opinion". He ...