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Showing 371 - 380 of 683 results for "Proceedings"

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... assessment to indicate if a director or any responsible person is under investigation or engaged in civil or criminal proceedings. Directors must also disclose if they have any directorships and/or shareholdings in any other entity. Deputy chair Helen ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... property to the firm's clients via self-managed super funds established under its guidance. Beginning civil penalty proceedings in the Federal Court yesterday, ASIC alleged The SMSF Club advised clients to set up SMSFs and then use the SMSF to purchase ...

Law Council chides ASIC

HARRISON WORLEY  |  TUESDAY, 11 JUN 2019
... and said it was concerning to see ASIC make a statement which might "put undue pressure on parties not to contest proceedings or raise legitimate issues for determination by a court." The Law Council pointed out that with the stakes so high for people ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... resignations." "Beyond that, there has been serious brand damage, hefty fines for poor conduct and, in some cases, criminal proceedings where the behaviour has been outright illegal. "The customer was not put at the centre of the experience, and their ...

Court throws out Aurora fund takeover bid

KANIKA SOOD  |  FRIDAY, 31 MAY 2019
... responsible entity of the fund. It has also ordered Primary Securities to pay Aurora Funds Management's costs of the proceedings. Aurora Funds Management, which acts as a responsible entity for several funds, had a tough year with a failed takeover ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... AMP companies. AMP said it acknowledges that a superannuation class action proceeding has been filed and that the "proceedings will be vigorously defended." "AMP and the trustees of its superannuation funds are firmly committed to acting in the best ...

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... could not properly test. "I am satisfied that the respective legal teams each have the skill and capacity to conduct proceedings of this kind in the interests of class members," Justice Ward said. "As I have noted (more than once), I consider that the ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... appointed to act as joint and several receivers. The regulator says that its investigation is continuing and that proceedings before the court are ongoing. The receivers are expected to report back to the court by the end of May. Berndale was an OTC ...

IFM settles UK sexual harassment case

KANIKA SOOD  |  MONDAY, 15 APR 2019
... of the settlement to be fair, and importantly, do not restrict Ms. Abildgaard from discussing the case." "All legal proceedings will now cease." Abildgaard left IFM and is a trustee at Legal Aid for Business Diversity. Michel-Verdier is still with the ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan. On Friday the law firm announced it had filed proceedings against IOOF,based on evidence given at the Royal Commission and legal proceedings brought by APRA against five IOOF executives. ...