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

Search Results

Showing 451 - 460 of 727 results for "Proceedings"

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 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. ASIC's favourite method of tackling misconduct - enforceable undertakings - came under fire ...

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon allege ...

DomaCom concludes Federal Court action

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
Federal Court proceedings supported by DomaCom have concluded, allowing an SMSF to invest in DomaCom's fund even if a related party is a tenant in the underlying property. Last month, the Federal Court found that the sole purpose test was not breached ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
ASIC has commenced civil penalty proceedings against ANZ for its involvement in an alleged criminal cartel relating to a $2.5 billion institutional share placement in August 2015. ASIC alleged ANZ failed to notify the ASX that $791 million of the $2.5 ...

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 ...