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Showing 11 - 20 of 904 results for "Deputy Chair"

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... disclosure and consent where the pre-hedging can have a detrimental impact on the counterparty to the transaction," ASIC deputy chair Sarah Court said. "Appropriate conduct for pre-hedging is an issue of global significance. In this case, Westpac's behaviour ...

Industry leaders celebrate Australia Day honours

KARREN VERGARA  |  MONDAY, 29 JAN 2024
... roles in the superannuation sector, including the chair of CareSuper between 2012 and 2014 and before that acted as deputy chair. He was the chief executive of Cbus between 2004 and 2007. Nicole Oborne has been a partner at PwC for the superannuation ...

Former UniSuper chief appointed to CSLR board

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... levies." As announced last month, accompanying O'Sullivan on the CSLR board is AFCA's Delia Rickard, she was previously deputy chair of the Australian Competition and Consumer Commission. The finalisation of the board awaits the appointment of an independent ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... $175,000 together with other costs associated with the contested hearings. Commenting on the latest decision, ASIC deputy chair Sarah Court said: "ASIC took this case because we believed reasonable steps were not being taken by the directors to comply ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... been effective in reducing the risk of significant harm resulting from these types of products, ASIC added. ASIC deputy chair Sarah Court said that extending these product intervention orders ensures continued protection in the market against these high-cost ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... ASIC's claims in a decisive ruling on 21 December 2023, exonerating Zurich of the alleged breaches. Post-verdict, ASIC deputy chair Sarah Court remarked that the regulator pursued the case to clarify the steps that an insurer must reasonably take before ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... property companies. Sadly, these investors were taken advantage of and their funds were used dishonestly," said ASIC deputy chair Sarah Court. "Today's criminal outcome sends a strong message that dishonest conduct by directors will be investigated ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... pressure on ANZ's share price. He added that the fine was needed to "deter similar actions." Meanwhile, ASIC deputy chair Karen Chester said the fine confirms the paramount importance of continuous disclosure. "The penalty and remarks from the Judge ...

VFMC selects new chair

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2023
... interim basis. Now, she has been named McKenzie's permanent replacement. In taking up the role, she vacates the seat of deputy chair. "On behalf of the executive team and our people at VFMC, we extend our congratulations to Lisa on her appointment as ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... issuing letters of apology. OnePath was also ordered to publish a notice on its website regarding the breaches. ASIC deputy chair Sarah Court recently announced that member service failures and misconduct leading to the erosion of superannuation balances ...