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Showing 291 - 300 of 683 results for "Proceedings"

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... shareholders to exit their investment before any further value destruction, including arising as a result of the ongoing ASIC proceedings against Dixon Advisory," 360 Capital wrote. As a pre-condition, 360 Capital wants Evans Dixon to withdraw Resolution ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which prohibits credit licensees from conducting ...

Mayfair 101 promises investors pie in the sky

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... noteholders and the Mission Beach and Dunk Island projects are protected from ASIC's current action against the company. "Proceedings brought by ASIC have alleged there is no value in the security provided, a claim the group categorically rejects," Mayfair ...

AMP, former employee settle

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... resolution and regulatory engagement, Larissa Baker Cook, are pleased to announce that they have reached a settlement of proceedings brought by Ms Baker Cook in the Federal Court of Australia in October last year and which were scheduled for hearing ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
... Kingston, as the latter heads towards public questioning next month. China Insurance Finance Group Ltd commenced court proceedings on August 24, seeking repayment of a debt it says Kingston-related companies defaulted on. It asked for a freezing order ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... 1H20 results, it had estimated a penalty charge of around $900 million plus associated costs. Westpac noted that the proceedings were expected to be complex and the ultimate penalty may be higher when determined by the court. The bank said the penalty ...

Count Financial adds member firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 SEP 2020
... continue delivering quality advice at a time when Australians need it more than ever," he said. It comes as class action proceedings were filed against Count Financial by Piper Alderman who alleges it did not ensure its financial advisers did not contravene ...

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... worked tirelessly to prevent the erosion of value that this process will result in." Mayfair said it was noted in the proceedings that a number of false and misleading statements were made about Mawhinney and the IPO Wealth Holdings group. "These statements ...

ASIC takes Linchpin, Endeavour directors to court

ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
ASIC has commenced civil proceedings against current and former directors of Linchpin Capital and Endeavour Securities for alleged breaches of duties. The defendants in the proceedings are Ian Williams, Paul Raftery, Paul Neilson and Peter Daly. Williams ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... Federal Court of Australia has fined National Australia Bank $57.5 million over deceptive and misleading conduct. The proceedings commenced in 2018 and were initially brought by ASIC against NAB units NULIS and MLC Nominees for the charging of plan service ...