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Showing 381 - 390 of 726 results for "Proceedings"

Mayfair 101 accused of misleading advertising

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... issuing the Mayfair debenture products while redemptions to existing investors remain suspended. ASIC has commenced proceedings in the Federal Court. Mayfair 101 responded with a statement strongly maintaining that it is compliant with all relevant legislation. ...

Chant West takes Zenith acquisition to court

KANIKA SOOD  |  MONDAY, 6 APR 2020
Chant West Holdings has filed proceedings in the Supreme Court of New South Wales after Zenith Investment Partners' subsidiary last week pulled out of a planned $12 million purchase of its superannuation business. CW Bidco Pty Limited (the Zenith ...

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
... market - catching out many investors seeking higher yields. US president Donald Trump's latest tweet has reversed proceedings: "Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... liability, ASIC said. On the same day, ASIC also took action against Colonial First State. The regulator commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
ASIC has commenced proceedings against Commonwealth Bank over the AgriAdvantage Plus Package and credit services provided to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... to Westpac's monitoring of financial crime over the relevant period and matter which are the subject of the AUSTRAC proceedings," Westpac told the ASX. "The claim does not identify the amount of any damages sought." Westpac said it will be defending ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... against IOOF in April 2019. That action was a direct response to evidence given at the Royal Commission and legal proceedings brought by APRA against five IOOF executives. APRA sought to disqualify former chief executive Chris Kelaher, former IOOF chair ...

OneVue takes control of Madison

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... interest is the 100% shareholding in Madison Financial Group. Madison itself is not subject to any form of insolvency proceedings and continues to operate on a business as usual basis, OneVue said. Madison Financial Group was acquired by Sargon in 2018 ...

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
... be wound-up. ASIC obtained orders to wind-up the Brisbane-based company on "just and equitable grounds" stating the proceedings were commenced to protect the public. "ASIC commenced the proceedings to protect the public in circumstances where it holds ...