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Showing 331 - 340 of 726 results for "Proceedings"

ASIC takes SMSF accountant to court

ANNABELLE DICKSON  |  TUESDAY, 24 NOV 2020
The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings in the Federal Court against a Gold Coast-based SMSF accountant for failing to comply with an enforceable undertaking. Jenan Oslem Thorne, otherwise known as ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... Solvency and Forensic Accountants as administrators of itself and Value Stream Investment Management. ASIC issued proceedings against Theta and Marie on 11 December 2019. The court found that Theta breached the Corporations Act and failed to comply with ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... tumbled 62% to $2.6 billion, which the bank says is attributable to the $1.3 billion penalty to settle the AUSTRAC proceedings. Westpac Group chief executive Peter King noted the year has been challenging and the result for the bank is disappointing. ...

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 ...