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Showing 11 - 20 of 1676 results for "Breach"

Former Berndale director pleads guilty

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
A former director of collapsed derivatives provider Berndale Capital Securities has pleaded guilty to multiple dishonesty offences, including the misuse of nearly $700,000 in company funds. Stavro D'Amore admitted to three combined charges before ...

ASIC reviews AFSLs over finfluencer concerns

ELIZA BAVIN  |  FRIDAY, 24 APR 2026
ASIC has issued warning notices to four finfluencers suspected of providing unlicensed financial advice or engaging in misleading or deceptive conduct, as well as commencing a review of several licensees and their supervision of 15 finfluencers operating ...

Advisers reprimanded over fee-for-no-service conduct

MATTHEW WAI  |  WEDNESDAY, 22 APR 2026
The Financial Services and Credit Panel (FSCP) has issued three determinations in the month of April, including a reprimand to a financial adviser who continued to collect fees from a client for over a year after the service agreement ended. The adviser ...

NZ Super Fund in court defeat over human rights issues

JAMIE WILLIAMSON  |  THURSDAY, 16 APR 2026
... of the Act ( New Zealand Superannuation and Retirement Income Act 2001 ) so far as exclusion from the fund for alleged breach of human rights standards is concerned. They are unreasonable and unlawful." The court called for the Guardians to reformulate ...

Treasury mulls increased powers for TPB

ELIZA BAVIN  |  TUESDAY, 14 APR 2026
Treasury is seeking feedback on draft legislation that would give the Tax Practitioners Board (TPB) stronger regulatory powers and enable greater sanctions. The draft legislation proposes to introduce criminal penalties for unregistered tax return preparers ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... financial advice complaints using a counterfactual ('but for') approach, comparing the consumer's actual position following the breach with the position they would reasonably have been in had the misconduct not occurred. "The use of a counterfactual ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
... Professional Planner was based on documentation leaked to the outlet. Further in its response to the ASX, Sequoia said the breach of listing rule 15.7 - which mandates that a listed entity must not disclose confidential information intended for the market ...

Digital assets framework bill passes, paves the way for consumer confidence

MATTHEW WAI  |  THURSDAY, 2 APR 2026
Digital assets providers will be required to obtain an Australian financial services licence (AFSL) under new legislation. The Corporations Amendment (Digital Assets Framework) Bill 2025, which amends the Corporations Act 2001 and the Australian Securities ...

US private credit firm swoops in to save Star

ELIZA BAVIN  |  MONDAY, 30 MAR 2026
... 2001. However, the court dismissed ASIC's case against seven former non-executive directors after finding they did not breach their duties.

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... important consumer protections or rights, costing retail investors millions," Longo said. "This wasn't just a technical breach - it directly resulted in over $12 million in client losses." Longo added that multinational corporations need to be mindful ...