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

Search Results

Showing 11 - 20 of 439 results for "ASIC deputy chair"

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
... governance systems and said such improvements "make it less likely that another similar contravention will occur". ASIC deputy chair Sarah Court commented there is no value to investors if product issuers develop a TMD for a product but fail to take ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... couple over the age of 60 who were defrauded $500,000 and another man over the age of 60 who had $150,000 stolen. ASIC deputy chair Sarah Court said: "Torre betrayed the trust of his clients and left many of them financially devastated." "The sentence ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... materially misstated, and the audits were not in accordance with the Australian Auditing Standards. Commenting, ASIC deputy chair Sarah Court said BDO and Just acted "outside" of the auditing standards. "Confidence and trust are fundamental to the role ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... of the Corporations Act by failing to take reasonable steps to ensure SMSF Club did not accept the payments. ASIC deputy chair Sarah Court said: "The court's judgment reflects RM Capital's systemic failure to uphold important consumer protection safeguards ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... ensure Netwealth restores these members to the position they were in before they saw their savings eroded," ASIC deputy chair Sarah Court said. "The action we've taken in the last few months puts super trustees well on notice: they are gatekeepers ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... Financial Planning for funnelling clients into Shield and First Guardian. On taking action against Diversa, ASIC deputy chair Sarah Court said: "This action furthers ASIC's commitment to seek compensation for the victims of the Shield and First Guardian ...

ASIC accuses ALAMMC Group directors of contempt

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... said. Around $91.6 million was raised from hundreds of investors across ALAMMC entities, ASIC noted. Commenting, ASIC deputy chair Sarah Court said McWilliams and Fullarton's conduct are serious breaches to the court's order and undermine the ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... August 2011 and is currently still registered as an Australian proprietary company on both registers. Commenting, ASIC deputy chair Sarah Court warned Australian financial services licence (AFSL) holders that it is sternly cracking down on reporting ...

SMC makes recommendations to safeguard super

ELIZA BAVIN  |  MONDAY, 17 NOV 2025
... regulator continues to launch legal action against those involved in the collapses of Shield and First Guardian. ASIC deputy chair Sarah Court said the misconduct was on an "industrial scale." SMC said the First Guardian and Shield collapses laid bare ...

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
... related duties. Earlier this year ASIC banned Nicholas Maikousis from providing financial services for 10 years. ASIC deputy chair Sarah Court said the superannuation of many Australians was put at risk by the alleged misconduct. "ASIC will seek to allege ...