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Showing 451 - 460 of 566 results for "Civil"

ASIC takes most action against small business owners

LAURA MILLAN  |  MONDAY, 3 FEB 2014
The Australian Securities and Investments Commission (ASIC) took most of its criminal, civil and administrative actions against small business owners in the second half of 2013. The ASIC Enforcement Report from July to December 2013 reveals that the ...

ASIC chair defends against media 'smear'

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
... over 4,000 institutional surveillances, 554 investigations and banned 168 people. He said the regulator had completed 73 civil and 79 criminal proceedings and obtained over $349 million in compensation for investors and consumers. "We welcome the inquiry ...

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
... were not represented in their dealings under the review program," the firm said. The firm, which represented 13 clients in civil court actions and complaints against CBA, explained that the bank was in charge of identifying clients who had suffered losses ...

Market Wrap AM

AAP  |  WEDNESDAY, 28 AUG 2013
The Australian market looks set to open lower following a plunge on Wall Street as the US investors eye possible military intervention in Syria. At 0800 AEST on Wednesday, the September share price index futures contract was down 55 points at 5,068. ...

Market Wrap AM

AAP  |  TUESDAY, 27 AUG 2013
The Australian market looks set to open lower after Wall Street fell following a disappointing durable goods report which raised fresh concerns about the strength of the US economy. The fall was sharply exacerbated when Secretary of State John Kerry ...

ASIC takes action against diamond trading scheme

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
... Finance (FAF) and two partner companies which are engaged in unlicensed credit activities. The regulator has also sought civil penalties orders against the companies, as well as compensation for six consumers. Consumers were seeking small value loans ...

Gina Rinehart offers olive branch

AAP  |  MONDAY, 5 AUG 2013
... representing Mr Hancock, told the court "it was a step" but they would need time to consider it. The hearing continues. The civil trial is set down for October 1.

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... misconduct in the wake of Future of Financial Advice (FoFA) the regulator said. The new FoFA regulation has allowed ASIC to take civil penalty actions, whereas until now the regulator could only undertake actions to ban financial services workers or ...

Storm founders will face trial

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... application for a summary dismissal of the case. The Australian Securities and Investments Commission (ASIC) will pursue its civil penalty proceedings alleging that the former executive directors breached their duties. ASIC seeks to ban the Cassimatises ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
... He said it could implicate trustees who conducted a transaction in good faith and subject them to new administrative and civil penalties. "In SPAA's view, the definition of a 'related party' could easily give rise to situations where the entity concerned ...