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

Search Results

Showing 441 - 450 of 566 results for "Civil"

ASIC takes legal action against Mariner over Austock takeover

ALICE URIBE  |  THURSDAY, 3 APR 2014
... directors following the company's 25 June 2012 A announcement that A it intended A to make a takeover bid for Austock. The civil penalty proceedings are in the Federal Court of Australia against Mariner, its chief executive and managing director Darren ...

Considerable time to eliminate considerable slack

BENJAMIN ONG  |  TUESDAY, 1 APR 2014
A change of noun is all it took. Yes Virginia, by just changing the noun that followed the word "considerable", Fed Chair Janet Yellen put the smile back on many a-Wall Streeter's faces. Less than two weeks ago, Janet explained the considerable "time" ...

Australia has softer approach to corporate wrongdoing

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
... country has significantly lower prison terms and fines than the United States. In other countries, there is a broader range of civil and administrative penalties. At the same time, those are higher and include the ability to remove financial benefit ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
... when a SMSF contravened the law of making the SMSF a non-complying fund, disqualifying the trustee, applying to court for a civil penalty or requiring the trustee to enter an enforceable undertaking. "This has been unsatisfactory with these penalties ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... Australian Institute of Superannuation Trustees (AIST) welcomed the legislation, saying it was "not rocket science" to allow the civil and criminal prosecution of the promoters of illegal schemes. AIST executive manager of policy and research David Haynes ...

Market Wrap

AAP  |  TUESDAY, 4 MAR 2014
The Australian market has opened flat after already adjusting to the news of unrest in Ukraine. CMC Markets chief market analyst Ric Spooner said the local market was the first to move on Monday to news that Ukraine was on the brink of war with Russia ...

Market down on Ukraine unrest

AAP  |  MONDAY, 3 MAR 2014
The Australian share market has opened weaker as a geopolitical crisis in the Ukraine escalates. The Ukraine is on the brink of war with Russia threatening to invade in a crisis that began three months ago with civilian protests against the government ...

Better ASIC-AFP relationship could lead to more prosecutions

LAURA MILLAN  |  MONDAY, 24 FEB 2014
... investigations to make sure that if a case was not going to be pursued as a criminal matter, the regulator could pursue it as a civil matter. "If we did not have to go back and re-investigate, clearly that would be far more efficient and would avoid ...

ASIC enhances whistleblower communication

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... monitored other systems, particularly the one in place in the United States. Medcraft said that the Australian system of civil penalties is lower than in the US and added that, contrary to the US, Australia does not have "a bounty-hunter culture." ASIC ...

Excuses, excuses

BENJAMIN ONG  |  MONDAY, 10 FEB 2014
Have Wall Streeters' gone loco? This immediately came to mind when I saw Wall Street's reaction to the disappointing US jobs report for, more often than not, disappointment does not get a rise out of Wall Street. Perhaps it was a not an often day for ...