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Showing 291 - 300 of 723 results for "Proceedings"

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
... broad scope of these prohibitions. The matter was then remitted back to the AAT to be re-determined. These were the proceedings to which Hutchison did not appear and led to the dismissal for non-appearance.

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... and has more than 1200 staffers working in this department. "At this stage, AUSTRAC is not considering civil penalty proceedings to address AUSTRAC's concerns. This decision is reflective of the work undertaken by the NAB DBG to date. However, this position ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... take action and the consequences can be severe," ASIC commissioner Cathie Armour said. ASIC first initiated civil proceedings in the Federal Court against Forex CT and Yoshai in July 2020 and later banned Jarrod Popuard for six years and Benjamin Esler ...

Family law super reforms released

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... long-awaited exposure draft legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. The exposure draft legislation will use information held by the Australian Taxation Office (ATO) and allows an individual ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... misconduct relating to Theta, the responsible entity of the Sterling Income Trust (SIT), which ASIC commenced civil penalty proceedings against in the Federal Court of Western Australia. SIT is a registered managed investment scheme that invested in ...

Former Westpac chief executive in new role

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
... only in its preface and afterword. He was the chief executive of Westpac from 2015 to 2020. ASIC last week commenced proceedings in the Federal Court against Westpac on allegations of insider trading, unconscionable conduct and breaches of its AFSL obligations ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
... regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had been misleading or deceptive in its correspondence with members for about three years between ...

Westpac to face court over insider trading

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
ASIC has commenced civil proceedings against Westpac for insider trading on a $12 billion deal with AustralianSuper and a group of IFM entities. Westpac will face off against the regulator in the Federal Court on allegations of insider trading, unconscionable ...

Commonwealth seeks to stop bond class action

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... The court heard the Commonwealth wants to essentially strike out the part of the claim referring to the class action proceedings, requesting interlocutory relief. Interlocutory relief refers to a court order to compel or prevent a party from doing certain ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... not changed policies and conduct to stem harms from the design and sale of CCI. "As a result, we've commenced civil proceedings against Westpac," she said. Financial institutions and lenders have paid about $250 million in remediation to affected consumers ...