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Showing 451 - 460 of 688 results for "Penalty"

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... bank's multi-year financial crime compliance program of action. This was launched after the AUSTRAC anti-money laundering penalty announced in June. The provision is in addition to its remediation provisions for Credit Card Plus, Personal Loan Protection ...

New SG laws hit Senate

KARREN VERGARA  |  FRIDAY, 7 DEC 2018
... comply with the direction and a 21-day deadline to make the payment. An employer failing to comply will face a maximum penalty of 50 units, imprisonment for 12 months or both. Currently, failure to pay an employee super results in financial penalties ...

Celebrities cop $1m crypto fine

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... and Khaled agreed to pay disgorgement, penalties and interest. Mayweather will pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled will pay $50,000 in disgorgement, a $100,000 penalty, and $2,725 in interest. ...

Court fines stockbroker $350k

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
The Federal Court has ordered a stockbroking firm to pay a $350,000 penalty for failing to comply with Market Integrity Rules. In early March 2011, State One Stockbroking placed 19 bids on behalf of a client when it should have reasonably suspected ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...

Unpaid super penalties too light: ISA

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... Taxation Office's approach to unpaid superannuation is becoming a moral hazard whereby employers think they can escape penalty. Testimony from the ATO at the Senate Estimates committee for economics this week included the regulator saying it routinely ...

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... behaviour. Individuals will now face up to 10 years in prison and a $945,000 fine for criminal conduct, which is double the old penalty of five years. For corporations, the penalty skyrockets from $210,000 to $9.45 million, three times the benefit gained ...

AustralianSuper says women face superannuation poverty

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
New research from AustralianSuper unearths startling realities about women facing poverty in retirement. The study, conducted with the help of Monash University, found mounting evidence surrounding the gender gap in superannuation after interviewing ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... stock to jump 7%, disrupting the market significantly. In a settlement, Elon Musk and Tesla have copped a US$20 million penalty each. Musk has also agreed to step down as chair and will be in-eligible for re-election for three years. The SEC also wants ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... Financial Advisers and Terry McMaster for allegedly misleading and deceiving clients. The corporate regulator commenced civil penalty action against the disgraced dealer group and its founder on September 12, in relation to its Client Protection Policy ...