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

Search Results

Showing 11 - 20 of 61 results for "Court case"

80% of instos find sustainability difficult

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
A survey of institutional investors, representing $26.8 trillion in assets, conducted by Schroders has found 80% of global institutional investors find sustainability challenging. Schroders surveyed 750 institutional investors, including 205 in Asia ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... of visibility on what they are investing in and how those investments are performing." It is only when ASIC wins a court case that advisers can partially recovery the costs. Between FY19 and FY21, total costs have shot up from $33 million to $71 million. ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

Rest launches low-cost SRI option

JAMIE WILLIAMSON  |  TUESDAY, 20 APR 2021
... gas, or lease, mine or process coal and coke are also excluded. Development of the option follows the landmark Federal Court case brought against Rest by its member, Mark McVeigh. After more than two years, the case was dismissed as Rest agreed to all ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... market. That obligation only applies to a general advice context and not a personal advice context," he said. "The High Court case could actually mean there are less situation where the full range of DDO obligations apply because there is more situations ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed. The case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest duty and related obligations. It ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... ban complemented its past enforcement action against insurers engaging in poor sales conduct, noting its successful court case against CommInsure which last week drew a $700,000 penalty after the firm plead guilty to 87 counts of unlawful life insurance ...

DomaCom partners with big four bank

HARRISON WORLEY  |  FRIDAY, 1 FEB 2019
... Naoumidis said. In December the firm announced it had raised about $3 million as it looked to convert its win in a Federal Court case which determined whether or not SMSFs could invest in its fund, even in the case where a related party was a tenant ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... particular case, an enforceable undertaking (EU) was provided to ensure Millhouse's disqualification, so the regulator's court case was dismissed. Justifying the regulator's lack of visible action against responsible people, Rowell said APRA's previous ...