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Showing 11 - 20 of 161 results for "Legal action"

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... the Corporations Act requirements," ASIC said. "This no-action position does not prevent third parties from taking legal action in relation to the conduct." The regulator also clarified that a no-action is not a legal opinion, but an expression of regulatory ...

Dexus accused of breaching confidentiality in airport stake sale

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... according to the allegations made. It's been reported that IFM Investors, which owns 25% of APAC, is leading the legal action against Dexus with the backing of other APAC shareholders, including the Future Fund, NSW TCorp, and Morrison-managed Utilities ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... Competition Review by Treasury that found minimum wage workers were being sued by former employers or threatened with legal action if they tried to switch jobs. The government said eradicating such clauses could life the wages of workers by up to 4% ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... failures. Rest's mishandling comes as other major superannuation funds have been caught up in ASIC investigations and legal action for stalling on death benefit payouts. The industry fund, which has over two million members, wrote to impacted members ...

Climate funds see first year of outflows

ROSE MARY PETRASS  |  FRIDAY, 24 JAN 2025
... governance investing intensified, and political scrutiny reached new heights," Bioy noted. "Some individual states took legal action to limit the incorporation of ESG criteria in investment decisions. "Greenwashing concerns remained a persistent concern ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... questions around the super fund's claim handling delays, governance and payments made to the CFMEU. Cbus is facing legal action from the Australian Securities and Investments Commission (ASIC) over claims handling delays that saw some members wait ...

ASX chair to retire, successor named

MATTHEW WAI  |  WEDNESDAY, 11 SEP 2024
... under immense pressure in recent years particularly in relation to the CHESS replacement project. ASIC has initiated legal action against the stock exchange, alleging it made misleading statements related to the program.

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... ASX," ASX managing director and chief executive Helen Lofthouse said. "It is possible that ASX may be subject to legal action by various parties who participated in the previous CHESS replacement project. No such legal action has commenced or has been ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
... pay $1 million in penalties for being "knowingly concerned" in the contravention. The consumer watchdog launched legal action against the institution in December 2022, leading the Federal Court to confirm that DG Institute has "made false or misleading ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
ASIC has taken legal action against three blockchain mining companies - NGS Crypto, NGS Digital, and NGS Group - along with their sole directors Brett Mendham, Ryan Brown and Mark Ten Caten. The corporate regulator has accused the NGS companies of targeting ...