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

Search Results

Showing 11 - 20 of 4246 results for "Action"

'Beyond warnings': ASIC to come down heavy on private credit

RIDDHIMA TALWANI  |  TUESDAY, 22 SEP 2026
... corporate regulator has urged the private credit sector to uplift standards, noting participants should prepare for enforcement action if they fail to do so. ASIC commissioner Simone Constant said the regulator is now "beyond warnings" and pushed players ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
Netwealth Group has received letters of potential class action, alleging it breached duties while offering and monitoring certain First Guardian investment options available through the Netwealth Superannuation Master Fund. No proceedings have yet been ...

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
Gordan Legal commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... failures. The Statement of Claim filed with the Supreme Court of Victoria lists nine defendants against whom Chiodo is taking action against: City Built, which carried out construction, construction-management, project-management and building-services ...

Automic Group launches full-service fund admin, custody platform

MATTHEW WAI  |  TUESDAY, 15 SEP 2026
Automic Group has launched its enhanced fund administration and custody platform to deliver an automated and scalable operating model for fund managers, supported by Northern Trust. The purpose-built capability automates critical fund administration ...

First-mover costs stifle digital finance: report

MATTHEW WAI  |  THURSDAY, 10 SEP 2026
... public sector work to establish a "workable" Australian dollar settlement layer for tokenised assets, remove "collective action" problems preventing institutions from pioneering and commit to a dated sovereign digital issuance. The report, however, does ...

ASIC zeroes in on recurring compliance breaches

VINNY VUCAGO  |  THURSDAY, 10 SEP 2026
... applied to all references since March 2025, with non-compliance potentially attracting civil penalties or administrative action. The regulator has also identified professional indemnity insurance as an area requiring attention after analysing annual ...

Government backs Enhanced Regulatory Sandbox overhaul

VINNY VUCAGO  |  WEDNESDAY, 9 SEP 2026
The Federal Government has backed an overhaul of Australia's regulatory sandbox framework, agreeing to repeal the legislation underpinning the Enhanced Regulatory Sandbox (ERS) and replace it with a more flexible model designed to support financial ...

Three super funds fined for misleading investment options

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... pay the amounts payable. "Payment of an infringement notice is not an admission of guilt or liability," ASIC said. This action forms part of the regulator's duty to hold superannuation trustees to account for member services and disclosure failures ...

Labor moves to kill non-compete clauses in productivity push

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
... about the enforceability of these terms means many employees stay in unfavourable jobs because leaving may result in court action or unemployment if they breach their restraint of trade term," Treasury said. "This affects the ability of Australian employees ...