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Showing 11 - 20 of 673 results for "Penalty"

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
... case to envisage a more serious case of contravening conduct," he said. The judgment also marks the first time a civil penalty has been imposed on a financial services licensee for failing to ensure services were provided efficiently, honestly and fairly ...

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... Release 1 and settlement and subregister services in Release 2. Release 1 went live on 20 April 2026. ASIC commenced civil penalty proceedings in the Federal Court against ASX in August 2024, alleging it made the now admitted misleading statements. By ...

Franklin Templeton's Western AM hit with US$100m penalty

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
Franklin Templeton's Western Asset Management has been hit with a whopping US$100 million penalty for failing to detect and prevent its former co-chief investment officer's alleged cherry-picking scheme. The order follows the SEC's 2024 ...

Treasury releases adverse genetic test results ban draft regulation

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
... draft regulation is also "strengthening compliance and enforcement by confirming that strict liability offences and civil penalty provisions will be captured under the infringement notice scheme in the Insurance Contracts Act 1984." "Once in force, the ...

AFCA to update rules on new genetic testing laws

KARREN VERGARA  |  TUESDAY, 2 JUN 2026
... on which the cover is offered. ASIC will enforce the new legislation as insurers that ignore the ban can face a civil penalty. Insurers, however, will still be able to access information about a disease for which an individual has been clinically diagnosed ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... it offers them to advisers and their clients. Adding more to its troubles, ASIC announced last wee k it commenced civil penalty proceedings against ETSL, alleging failures in care, skill and diligence concerning the decision to allow members to invest ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... should have responded to hardship notices within 21 days as required by law. The Federal Court handed down the pecuniary penalty yesterday, finding the bank "failed to do all things necessary to ensure that the credit activities authorised by the credit ...

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 ...

TelstraSuper did fall foul of IDR obligations: Federal Court

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... TelstraSuper to agree on a statement of facts in relation to the contraventions admitted or established by the fund ahead of a penalty hearing, which is yet to be scheduled.

Rest calls on government to fix 'motherhood penalty'

VINNY VUCAGO  |  TUESDAY, 5 MAY 2026
New insights from Rest Super highlights the ongoing impact of the "motherhood super penalty", with women continuing to fall behind in retirement savings due to time out of the workforce and reduced earning capacity, the $100 billion super fund said. ...