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Showing 411 - 420 of 683 results for "Proceedings"

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... In a brief statement, CBA said it is aware of the potential class action but it had not been served with any legal proceedings and will keep the market informed of developments. CBA and AMP are the initial targets of the Get Your Super Back campaign ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... last decade. APRA prefers not to escalate matters to the administrative appeals tribunal (AAT) or the courts because proceedings take too long, she said. When counsel assisting Michael Hodge asked if APRA had concerns if retail RSEs acted in their own ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... is sufficient to achieve specific or general deterrence of misconduct. The fact APRA is reluctant to commence court proceedings and take public enforcement action or deal with the "intransigence" of IOOF was not considered effective, Hodge said. In APRA ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
... currencies and equities at his Jackson Hole outing later this week. Just by pondering a temporary halt in "normalisation" proceedings, Jerome could hit two birds with one statement - ease pressure on emerging markets and at the same time make Trump (who ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... outcome we take in these cases," Kell said in response. Kell also agreed civil penalties were the ultimate enforceable proceedings, but also criminal penalties and banning orders. ASIC entered 20 EUs in 2017and 30 civil cases. Hodge's closing brief ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... prudential regulator made a court application to disqualify a person for not being fit and proper was when it began proceedings against former Trio Capital director David Millhouse. In that particular case, an enforceable undertaking (EU) was provided ...

CBA should have done more: Federal Court

HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
... after an in-principle agreement was reached between the two in May. The bank entered into the EU after Federal Court proceedings were launched by ASIC in January, with the corporate regulator alleging three instances of unconscionable trading and the ...

ASIC takes financial planner to court

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
... about the minimum fixed demand in a November 2015 sale of Healthscope Limited shares. Yesterday, ASIC also commenced proceedings against two companies - Linchpin Capital Group and Endeavor Securities Australia - that were running managed investment schemes ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the division of the recently scrutinised mutual failed to ensure its authorised financial planners complied with the best interests duty ...

ASIC drags Westpac to court

KANIKA SOOD  |  MONDAY, 18 JUN 2018
ASIC has initiated civil penalty proceedings against Westpac in relation to a Perth financial planner whose poor advice has already seen the bank foot a $12 million bill to remediate clients. Sudhir Sinha provided financial advice in the Perth area ...