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Showing 281 - 290 of 726 results for "Proceedings"

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... The penalty for each of the 30 offences is up to $1.7 million. CBA released a statement to the ASX acknowledging the proceedings. "CBA has cooperated fully with ASIC during its investigation... CBA will plead guilty to the charges and has agreed a statement ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... (BOQ Group) can confirm a case management hearing in the Federal Court occurred on 14 September 2021 in relation to proceedings against ME Bank for alleged contraventions of the Australian Securities and Investments Commission Act 2001 (Cth) and National ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... government has passed legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual ...

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 ...