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Showing 11 - 20 of 153 results for "Courts"

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... failures, but how the court responds is not under its control. "It's actually pretty simple from ASIC's perspective. The courts have various basis on which they'll set the fine for penalty. So that is a matter for the courts," she said. "The ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
... compliance, innovation, and building products that benefit Australian consumers." This legal battle has been ongoing in the courts for more than a year. On 9 February 2024, the Federal Court found that from March to November 2022, Block Earner engaged ...

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it. Since tabulating the tax implications last December ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... about its progress on cases it deals with, and that by settling some instances in mediation - as opposed to through the courts - the regulator is helping to hide details of super fund failures. "Do you think this is a good approach from the corporate ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... the calculation. "It's often one of the trickiest parts of what we do, but it's ultimately been endorsed by the courts," Singh said. In effect, Abood sees it as the advisers "being forced to underwrite the minimum return guarantee for the clients ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... descriptions of AFS licensing exemptions and relief to reflect those currently available and has updated the description of the Courts' interpretation of "carrying on a business in Australia", such as the general indicators of carrying on a business ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... other country in the world, quite happy to take ASIC on," he said. "From time to time our powers are challenged in the courts, sometimes all the way up to the High Court. That's a resource-intensive activity." Longo said the regulator was overrun with ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... warning notice statement at this stage, including about any proposed sanctions," the regulator said. Last February, UK courts approved a £230 million ($442m) compensation scheme for the victims of WEIF. FCA joint executive director of enforcement and ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... IPO Wealth Group and Mayfair 101. "The Australian Parliament needs to uncover what has gone on here. The public and the courts have been misled about my business and my character, and false allegations have been relied upon by public officers - who were ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... liquidators assigned by the court. "The Australian Parliament needs to uncover what has gone on here. The public and the courts have been misled about my business and my character, and false allegations have been relied upon by public officers - who ...