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Showing 21 - 30 of 394 results for "Justice"

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... independent expert stating whether it has in place appropriate systems, policies and procedures to ensure compliance. Justice Jackson said: "I am conscious that RM Capital is a small organisation with limited resources. But in its capacity as an AFSL ...

ASIC accuses ALAMMC Group directors of contempt

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... Sarah Court said McWilliams and Fullarton's conduct are serious breaches to the court's order and undermine the justice system. "Breaching freezing orders and failing to disclose other interests impedes the efforts of ASIC, receivers and liquidators ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... handling, claiming it was "too slow" out of the gate and should take some responsibility for the scheme. "If there was any justice, part of the CSLR burden would be on ASIC and not the advisers who did nothing wrong. ASIC was too slow out of the gates. ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
... part. "But the biggest group that needs to answer for their failing, in my view, is ASIC," he warned. "If there was any justice, part of the CSLR burden would be on ASIC and not the advisers who did nothing wrong. ASIC was too slow out of the gates. ...

James Mawhinney launches another appeal

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
... 2020. The Court determined Mawhinney had a "cavalier attitude to compliance" and was "reckless" in operating his business. Justice Button said unless Mawhinney is restrained "there is an unacceptable risk" that he will re-enter the fray and conduct ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents or employees" from carrying on any business related to financial ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... made by Hodgson and MacroLend, which included making misleading or deceptive claims about investing in Kradle Software." Justice Sarah Derrington said Hodgson's conduct was "very serious", when delivering the judgement. "The requirement to hold an AFSL ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... a result, AMP's superannuation members were alleged to have been overcharged. "This settlement is a major step toward justice for millions of Australians who trusted AMP to safeguard their retirement savings," Maurice Blackburn national head of class ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his business. Last Friday, Justice Button handed down the final relief, saying that unless he is restrained "there is an unacceptable risk" that Mawhinney will ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... chapter that many of Marco's investors would rather forget," ASIC deputy chair Sarah Court said. "This result delivers justice to investors who Marco defrauded and speaks to ASIC's painstaking investigation into this complex matter." Marco has been remanded ...