Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 311 - 320 of 2453 results for "Court"

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... highly critical of how ASIC has handled the Dixon matter. In 2021, ASIC settled to fine Dixon of $7.2 million in the Federal Court and did not pursue any other criminal matters. The fine has yet to be paid. Bragg told Parliament last year: "There's ...

Magellan fund to launch as active ETF

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... structure that will soon trade as an active exchange-traded fund (ETF) on the ASX. On July 10, the New South Wales Supreme Court approved to convert the fund from a closed-class unit to an open-class structure. The conversion became effective on July ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

DigitalX to launch Bitcoin ETF on ASX

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... Bitcoin supply. Separately, DigitalX requested a trading halt on its shares today, pending an announcement about the Federal Court's decision on its summary judgement application in a case that involves former director Alex Karis.

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
iExtend has been granted an AFSL, after entering a court enforceable undertaking last year over concerns of unlicensed conduct. In November 2023, the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating ...

Former director disqualified for breaching obligations

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... unauthorised purposes to the detriment of the company and investees, ASIC said. Finally, he breached undertakings to the Federal Court in relation to the property of O'Corp Media, the regulator said. During this time, Clickthru has been known by a raft ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... ensure a greater level of funding can be directly resourced with proceeds of regulatory fines, including those imposed by the court. Importantly, it said all reasonable steps should be taken to ensure levies charged on industry subsectors, like financial ...

Family office buys into WNBL potential

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
... basketball business of Total Sport & Entertainment and owns both the Sydney Kings and Sydney Flames teams. Away from the court, the family office is currently embroiled in a trademark battle with climate tech VC investment firm Wollemi Capital, led by ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court freezing the assets of financial advice licensee United Global Capital and related property investment company Global Capital Property Fund ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... an annuity policy that is deemed unfair or unreasonable. AFCA's remit has now been expanded on the back of a Federal Court ruling in a MetLife case whereby the super complaint did not meet the definitions of section 1053 and thus was outside of AFCA's ...