Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 401 - 410 of 726 results for "Proceedings"

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
... over 23 million occasions. AUSTRAC chief executive Nicole Rose said that AUSTRAC's decision to commence civil penalty proceedings was made following a detailed investigation into Westpac's non-compliance. "These laws are in place to protect Australia's ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... program heavily relying on bankers. From 2013 to 2016 the program generated around $24 billion worth of loans. The proceedings related to the conduct of 16 bankers accepting loan information and documentation from 25 unlicensed introducers.

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... administration of superannuation funds to the detriment of the wider industry." The Federal Court set a timetable to advance proceedings in the case at the start of October 2018. A case management conference was held on 19 September 2019.

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... strong labor market, and inflation near our 2% objective" - that justifies his forward guidance to a pause in rate cut proceedings. Given latest data and developments, it's looking a lot like a short pause. This is because, in Powell's own word ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... only had the licence to provide general advice and not personal advice. And so, it initially launched civil penalty proceedings against the two Westpac subsidiaries in December, 2016. The Federal Court handed down its judgment in January this year, with ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... to these matters," the bank said in its release. "Any enforcement action against Westpac may include civil penalty proceedings and result in the payment of a significant financial penalty, which Westpac is currently unable to reliably estimate." The ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... of the law and it should be held to account and required to compensate its members." CBA said it acknowledges that proceedings have been filed in the Federal Court and are reviewing the claim. On Thursday last week, CFS was hit with a class action from ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... what has happened with CFS." A CBA spokesperson responded to the class action: "CBA acknowledges that class action proceedings have been filed by Maurice Blackburn in the Federal Court of Australia against Colonial First State Investments Limited (CFSIL) ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
... allegations were misconceived. Kelaher and Vernados later stepped down from their respective roles to focus on defending the proceedings.

Finance cheats more likely to cheat: Study

ELIZABETH MCARTHUR  |  FRIDAY, 23 AUG 2019
... marital bounds. Financial advisers with misconduct associated with customer disputes, employment separation, regulatory proceedings, and criminal violations were all found to be more likely to use Ashley Madison than their misconduct-free counterparts. ...