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Showing 21 - 30 of 35 results for "Federal Court proceedings"

Clayton Utz finally hands AMP notes to ASIC

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... manager refused to hand the documents over, claiming legal professional privilege. As such, ASIC launched Federal Court proceedings in December seeking to compel Clayton Utz to produce the notes. Clayton Utz delivered the notes to ASIC on Thursday last ...

DomaCom raises more capital

HARRISON WORLEY  |  TUESDAY, 11 DEC 2018
... facing many people in Australia - housing affordability and funding retirement lifestyles." In September, Federal Court proceedings concluded allowing SMSFs to invest in DomaCom's fund, even in the case where a related party was a tenant in the underlying ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... and total costs associated with this matter remain uncertain," NAB said. In addition, ASIC commenced Federal Court proceedings on 6 September 2018 against NULIS Nominees and MLC Nominees in relation to PSF. NAB has factored the outcome of this event ...

DomaCom concludes Federal Court action

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
Federal Court proceedings supported by DomaCom have concluded, allowing an SMSF to invest in DomaCom's fund even if a related party is a tenant in the underlying property. Last month, the Federal Court found that the sole purpose test was not breached ...

CBA should have done more: Federal Court

HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
... after an in-principle agreement was reached between the two in May. The bank entered into the EU after Federal Court proceedings were launched by ASIC in January, with the corporate regulator alleging three instances of unconscionable trading and the ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the division of the recently scrutinised mutual failed to ensure its authorised financial planners complied with the best interests duty ...

CBA chair defends executive bonuses

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... directors' fees in light of heightened public interest in executive remuneration in relation to AUSTRAC's Federal Court proceedings. Among the 500 pages of matters AUSTRAC has raised, Livingstone added it has taken some time for the bank to work through ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... outlook, the results presentation was marred somewhat by the recent news that AUSTRAC has initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. CBA acknowledged ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
... existing weaknesses, but also to meet the growing complexity in this area." On Friday, AUSTRAC initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 more ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
... laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 more ...