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Showing 11 - 20 of 721 results for "Proceedings"

'Easy peasy, done': Senate rips Equity Trustees' checklist governance

RIDDHIMA TALWANI  |  THURSDAY, 10 SEP 2026
... well-developed investment governance framework, and it was followed on the specific occasion. ASIC currently has two proceedings against Equity Trustee alleging failures in care, skill and diligence concerning the decision to allow members to invest ...

Court orders ASIC to preserve assets from doomed trust

MATTHEW WAI  |  THURSDAY, 10 SEP 2026
... The new orders include the confirmation of provisional liquidators for the Deckchair Trust and Edwards to join the proceedings as a party, disclosing the relevant books and records. ASIC's joinder of Edwards as a party to the proceeding is presently ...

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
... collapsed, with over $1.2 billion, and counting, of retirement funds that was put at risk. ASIC has since commenced legal proceedings against InterPrac over its failures to act in clients' best interests for recommending those products. ASIC found that ...

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
... itself of liabilities stemming from the Shield and First Guardian Master Fund collapses. Recently ASIC withdrew legal proceedings, and Sequoia is back on the quest to offload Interpac. "Notwithstanding these issues, Sequoia continues to selectively and ...

Sequoia gives InterPrac sale a second shot

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
... comes after Sequoia's deal to sell InterPrac to Conquest was left in the air. In early August, ASIC withdrew legal proceedings against Sequoia after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac ...

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... practical resources on how to navigate the complaints process, as well as stay on top of regulatory developments, court proceedings and government reforms. Kee said she worked closely with Callun Blurton from FD Legal throughout this process "because ...

CBA, Colonial First State settle class action for $249m

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
... allegations. Today, CBA announced that it "in principle" agreed to settle the class action. "In agreeing to resolve the proceedings, CBA, CFSIL and AIL continue to deny the allegations and make no admission of liability or wrongdoing," the bank said. ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... emotional and financial pressure on families who have already endured far too much." ASIC recently withdrew legal proceedings against Sequoia after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... Netwealth Investments contravened the Corporations Act in relation to the First Guardian Master Fund. ASIC commenced proceedings against Netwealth after accepting a court enforceable undertaking requiring it to compensate affected members 100% of the ...

NZ Super updates sustainable investment policy

MATTHEW WAI  |  FRIDAY, 14 AUG 2026
... and sustainable investment communication and reporting. The Guardians will review the companies named in the Nazzal proceedings using the updated policy framework and will provide a further update once that process is complete but will require time for ...