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Showing 21 - 30 of 296 results for "Ruling"

Data centres 'major growth sector' for Australia: Report

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... Meanwhile, the Australian data centre market has gained "significant" momentum, according to the report, linked to the recent US ruling that granted the country access to Nvidia AI chips. Now, as one of the four nations in APAC exempt from export restrictions ...

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... last month and ordered the fund to cover APRA's costs, however, BUSSQ doubled down, lodging an appeal to challenge his ruling. Separately, as previously reported by Financial Standard, APRA is proposing changes to superannuation trustees, insurers ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... Court rejected BUSSQ's judicial review application, upholding APRA's decision to impose the additional conditions. The ruling means BUSSQ must engage an independent expert to assess its processes for evaluating the fitness and propriety of its responsible ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
Bit Trade, the operator of the Kraken Exchange in Australia, has been slapped with an $8 million fine for "unlawfully issuing a credit facility to more than 1100 customers." Bit Trade offered a "margin extension" product, which allowed payments to be ...

RBA 'paves way' for February rate cut

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
... eased". In addition, IG market analyst Tony Sycamore noted that the statement was missing the sentence that the board "wasn't ruling anything out." Instead, this was replaced by the observation that "the board is gaining confidence that inflation is ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
Fair Work Australia's (FWA) recent ruling in favour of a Philippines-based worker to bring an unfair dismissal case against the former employer could serve as a warning for financial services firms who rely on offshoring, as the corporate regulator ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... interests and inappropriate to their circumstances. It was ordered to pay $900,000. Justice Downes said in handing down the ruling at the time: "Such an amount will serve the public interest by deterring future contraventions by Ultiqa and the Ultiqa ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... economic institutions also tend to be very long-lived. Even if the extractive economic systems provide short-term gains for a ruling elite, the introduction of more inclusive institutions, less extraction and the rule of law would create long-term benefits ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
The Federal Court threw out ANZ's appeal against a ruling it breached continuous disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
The Federal Court rejected former Linchpin Capital director Peter Daly's appeal, which will retain his banning order and force him to pay a fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty ...