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Showing 281 - 290 of 2448 results for "Court"

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... the manufacturing division's lobbying to withdraw from the CFMEU. APRA has commenced civil proceedings in the Federal Court of Australia seeking civil penalties and O'Connor's disqualification. The regulator alleges O'Connor breached ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... Athan Papoulias for his role in the unlicensed financial services business last year. Commenting, ASIC deputy chair Sarah Court said: "ASIC pursued this matter as part of our commitment to protect investors. Mr Iervasi's actions betrayed the trust ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... years behind bars after he was found guilty of fraud again. Jayaweera was sentenced in a retrial at the Brisbane District Court yesterday after he was found guilty of 28 counts of fraud amounting to $5,958,870 in losses for former clients. Judge Moynihan ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... by APRA over the past two years, without any negative findings." APRA acknowledged BUSSQ's application to the Federal Court challenging the decision to impose additional licence conditions on the trustee, confirming that it intends to contest the ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
... was permanently banned in 2016 after being charged. Jayaweera's verdict was handed down by a jury at the Brisbane District Court, who this time found the defendant guilty of all 28 counts on the indictment after a three-week trial. Jayaweera is remanded ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... currency was a deferred debt, and therefore the "margin extension" should be classified as a credit facility. The Federal Court determined that the obligation to repay a digital asset wasn't an obligation to repay money and was therefore not a deferred ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... commenced around 170 new investigations - an increase of around 25% - and filed 33 new civil proceedings in the Federal Court - an increase of 27%. "Our investigations have led to 18 criminal convictions and seen a further 23 individuals charged by the ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... for doctoring documents. He served under Libertas' licence between 2016 and 2018 and was subsequently charged by the court with a three-year correctional order, including home detention. CSLR chief executive David Berry recently warned AFSLs and ...

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
... resulted in losses of $256 million. Each day, an average of 20 scam websites are removed, ASIC said. ASIC deputy chair Sarah Court said that despite the organisation's best efforts to eradicate the risk, scammers still pull billions of dollars from "hard-working" ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ...