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Showing 371 - 380 of 1712 results for "Breach"

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... 13 October 2022, when he pleaded guilty at an earlier hearing. "Often, as here, these types of offences involve a grave breach of trust and are only able to be committed because of the close personal relationship that exists between an offender and his ...

Former Shaw and Partners adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... and Partners financial adviser was permanently banned by ASIC after it was determined he was not competent and likely to breach the law again. It followed an investigation that found he, among other things, accepted unlawful commissions and didn't ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... and Williams did not contest the case at trial, ASIC noted. At the time of the offences, the maximum penalties for each breach of director's duties under the Corporations Act was $200,000 per individual. "These individuals were officers of an investment ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... 117.0 Asset Concentration Risk Charge. APRA said it will also "take action as needed to hold those responsible for the breach to account". NobleOak in response said its "method for calculating and reporting reinsurance asset exposure is consistent with ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
The corporate and securities watchdog has commenced an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... your super savings are secure and have been secure at all times," NGS Super said. However, some data was taken during the breach, and the fund said it would be getting in touch with those members whose information is involved. "We would like to emphasise ...

The sophistication of cyber threats is increasing: O'Neil

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
Kicking off day two of the Conference of Major Superannuation Funds, minister for home affairs and cybersecurity Claire O'Neil shared some harrowing truths about the intensity of cyber threats on Australian super funds. "Two of my biggest responsibilities ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
ANZ has copped a $10 million penalty for its home loan referral program that breached consumer credit protection laws. The Federal Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for ...

ASIC charges former investment company executives

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
Benjamin Hornigold's former chief executive and chief financial officer face charges for dishonest breach of duties and misleading the ASX. ASIC alleges former chief executive Stuart McAuliffe and former chief financial officer Samuel Elderfireld failed ...