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Showing 11 - 20 of 945 results for "Federal Court"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their online hardship ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
The Federal Court has re-sentenced former investment manager Rodney Forrest to five years and three months' imprisonment following his appeal for insider trading and procuring others to trade in more than $3 million of Platinum Asset Management shares. ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... off the back of InterPrac's lawsuit against AFCA filed on February 24. The concise statement filed with the Federal Court dated May 7 shows InterPrac adding Melinda Kee, a former investor in First Guardian, as a defendant in the case related to its ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... timeframe. However, Sequoia now says Conquest has disputed the termination of the agreement. "On 7 May 2026 the Federal Court adjourned the case management hearing regarding the ASIC proceedings to allow the parties an opportunity to confer regarding ...

TelstraSuper did fall foul of IDR obligations: Federal Court

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... delay or inform members of their right to complain to the Australian Financial Complaints Authority (AFCA), the Federal Court found. In a judgment handed down on April 30, the Federal Court found TelstraSuper - which has since merged with Aware Super ...

Former Berndale director pleads guilty

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
... the misuse of nearly $700,000 in company funds. Stavro D'Amore admitted to three combined charges before the Federal Court, covering breaches of directors' duties, dishonest conduct in financial services, and providing false or misleading information ...

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... little-known Conquest Investment Partners for $50,000 in late March. The regulator jumped on this, applying to the Federal Court for KPMG to investigate the proposed sale. ASIC expressed concerns the sale could adversely affect InterPrac's creditors ...

ASX announces interim chief executive

VINNY VUCAGO  |  THURSDAY, 30 APR 2026
... supposed to be rolled out in April 2021, but faced successive year-long delays. In 2024, ASIC sued the ASX in the Federal Court over allegedly misleading statements related to the project. One of Lofthouse's first calls as chief executive, when she ...

ASX declares CHESS clearing services ready

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
... supposed to be rolled out in April 2021 but faced successive year-long delays. In 2024, ASIC sued the ASX in the Federal Court over allegedly misleading statements related to the project. One of Lofthouse's first calls as chief executive, when she ...