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Showing 21 - 30 of 673 results for "Penalty"

Treasury mulls increased powers for TPB

ELIZA BAVIN  |  TUESDAY, 14 APR 2026
... preparers; increase the maximum amounts for civil penalties; allow infringement notices for alleged breaches of some civil penalty provisions; enable enforceable voluntary undertakings; and allow contingent and interim suspensions of registration in ...

Former Big Un chief pleads guilty to insider trading

RIDDHIMA TALWANI  |  FRIDAY, 10 APR 2026
... January 2017, knowing reasonably the shareholder would likely trade Big Un shares and options. Evans could face a maximum penalty of 15 years imprisonment. ASIC said the information concerned the number of customers who had already been onboarded to ...

APRA imposes additional licence conditions on Fiducian

RIDDHIMA TALWANI  |  WEDNESDAY, 1 APR 2026
... weaknesses identified in platform trustees," Cole said. Separately, Fiducian will pay ASIC a $7.3 million greenwashing penalty. ASIC found Fiducian made false and misleading statements about the socially responsible and ethical nature of its Diversified ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... Investment Management Services (FIMS) entered into the heads of agreement with ASIC to pay the $7.3 million pecuniary penalty. It will also reimburse ASIC for its legal costs of about $650,000. The product disclosure statement of DSAF was found to have ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... responsible growth of the country's blockchain and digital asset ecosystem," it said. In addition to the pecuniary penalty, the court ordered Binance to contribute to ASIC's costs. The penalty comes in addition to approximately $13.1 million ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
... that Macquarie breached the Corporations Act by failing to place Shield on a watch list. However, ASIC did not seek a penalty against Macquarie due to the exceptional circumstances of the case, including that all members were compensated.

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... than 3000 super members who had been invested in Shield. This amounted to more than $320 million. ASIC did not seek a penalty against Macquarie due to the exceptional circumstances of the case, including that all members were compensated. However, it ...

Brisbane financial adviser appears in court on dishonesty charges

RIDDHIMA TALWANI  |  TUESDAY, 10 MAR 2026
... priority for ASIC," the regulator said. Prakash's charges of dealing in securities without a license warrants a maximum penalty between two and five years' imprisonment. The charges under Corporations Act could carry a maximum penalty of 15 years' ...

Former adviser incurs additional charges for dishonest conduct

RIDDHIMA TALWANI  |  FRIDAY, 6 MAR 2026
... 2026, where the additional charges were laid. The matter was adjourned to 14 April 2026 for committal mention. The maximum penalty for each offence contrary to 1041G of the Corporations Act 2001 which occurred on or after 13 March 2019 is 15 years' imprisonment. ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
... commissioner Danielle Press as independent chair of its inaugural AFSL Governance Committee. Last November, ASIC commenced civil penalty proceedings in the Federal Court against InterPrac. Sequoia is expected to complete its statement of claim in mid-March ...