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| | | NAB will pay $2.1 million in a fine issued by the Federal Court over knowingly overcharging customers certain fees and failing to tell them. The court has ordered the bank pay the penalty for continuing to charge periodic payment fees it knew was not ... |
| | | | ... around $12.95 million while using Bit Trade's margin trading product via the Kraken exchange. ASIC deputy chair Sarah Court said: "These proceedings should send a message to the crypto industry that products will continue to be scrutinised by ASIC ... |
| | | | ... to advisers and firms that promote tax avoidance. Further, it will increase the time limit for the ATO to bring Federal Court proceedings on promoter penalties from four years to six years after the conduct occurred. The new legislation will also increase ... |
| | | | In a first-of-its-kind case, ASIC is taking AustralianSuper to court over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade. In May, AustralianSuper announced it would be refunding close to ... |
| | | | ... persons, investigate suspected breaches of the regime, and direct entities to take remedial action and to apply to the Federal Court to impose a civil penalty on accountable entities," Jones said. BEAR, the FAR's first iteration, was recommended ... |
| | | | ... over seven years, for which the bank blames "technology failure". ASIC commenced civil penalty proceedings in the Federal Court, alleging that Westpac failed to respond to hardship notices within 21 days as required by law. Between 2015 and last year ... |
| | | | ... Treasury secretary. Other bond investors have also been invited to put forward their views on the settlement, which the court will consider when making its decision on whether to approve the settlement. This occurs in all class actions in Australia. ... |
| | | | ... early August that it was suing former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to the Federal Court in an alleged breach of duties that led to creditors suffering significant losses. "The group is not a party to the proceedings. ... |
| | | | ... subsidiaries, including AMP Services, NM Super, AMP Super, and AWM Services, were served with legal proceedings in the Supreme Court of New South Wales by Munich Re in April 2023. Central to the proceedings is the manner in which both Munich Re and Resolution ... |
| | | | ... investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered by the Federal Court to surrender his passport while his assets and those of his business, Your Financial Freedom, were frozen. ASIC is investigating ... |
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