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Showing 21 - 30 of 354 results for "Supreme Court"

Keybridge Capital enters voluntary administration

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... executive Nicholas Bolton alleged WAM transferred the shares in a bid to control the company. In January 2021, the Supreme Court ruled against Keybridge and costs were awarded against the company. Then in February 2022, Keybridge issued an ASX announcement ...

Trump orders creation of US sovereign wealth fund

ANDREW MCKEAN  |  TUESDAY, 4 FEB 2025
... wealth fund. The executive order directs US secretary of the treasury Scott Bessent, who was sworn in last week by Supreme Court Justice Brett Kavanaugh - nominated by Trump during his first term - and Trump's nominee for secretary of commerce Howard ...

Dexus terminates Core Property Fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2024
... its Regional Property Fund following the sale of its assets to RF Corval earlier this year. Also last month, the Supreme Court of NSW ruled that Cbus and UniSuper, the co-owners of Macquarie Centre, one of the Dexus Wholesale Shopping Centre Fund's ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... fees and commissions to financial advisers that would have been banned in a MySuper option. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland Supreme Court ordered the company be wound up on August 23. ASIC specified that Next Gen must continue its membership of the Australian ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
The Queensland Supreme Court has ordered the ISG Private Access Fund and the ISG Real Estate Equity Fund be wound up. This comes after ISG and its sole director, Benjamin Godfrey, had applied to appoint receivers to the schemes. ASIC intervened in the ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... people. Today's sentence demonstrates that such deliberate fraudulent activities will not be tolerated." The Supreme Court of NSW made interim orders on 1 May 2017 under an ASIC application against Courtenay House Trading Group, which includes entities ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... The orders prevent King from leaving or attempting to leave Australia until 1 April 2025. They were made by the Supreme Court of NSW after an application by ASIC and were consented to by King, without admission. The Supreme Court ordered King to hand ...

Magellan fund to launch as active ETF

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... structure that will soon trade as an active exchange-traded fund (ETF) on the ASX. On July 10, the New South Wales Supreme Court approved to convert the fund from a closed-class unit to an open-class structure. The conversion became effective on July ...

Keybridge Capital cops another loss against WAM

ELIZA BAVIN  |  FRIDAY, 7 JUN 2024
... executive Nicholas Bolton alleged WAM transferred the shares in a bid to control the company. In January 2021, the Supreme Court ruled against Keybridge and costs were awarded against the company. Then in February 2022, Keybridge issued an ASX announcement ...