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Showing 31 - 40 of 566 results for "Civil"

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... Northern Trust Asset Management and Melbourne Securities, between 2022 and 2024. ASIC also commenced a greenwashing-related civil penalty proceeding in the Supreme Court of NSW against Fiducian Investment Management last month. ASIC is alleging Fiducian ...

Super funds to double UK, EU investments over next decade

RIDDHIMA TALWANI  |  FRIDAY, 17 OCT 2025
... senior executives from various Australian super funds and their UK counterparts, along with members of the UK government, civil servants and regulators, to discuss the growing partnership between Australian super funds and the UK. As of mid-2025, Australian ...

Federal Court dismisses Freedom Insurance staff allegations

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
... financial advice business Spectrum Wealth Advisers - and eventually appointing liquidators in February 2020. ASIC launched the civil action proceedings against the two parties in 2021. "Mr Cohen breached his director's duties by exposing Freedom ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, minting the highest civil penalty in Australian history. Chief among the bank's failures were in its reporting and to reasonably monitor customers ...

Australian super funds 'important' for the UK economy

MATTHEW WAI  |  TUESDAY, 14 OCT 2025
... senior executives from various Australian super funds and their UK counterparts, along with members of the UK government, civil servants and regulators, to discuss the growing partnership between Australian super funds and the UK. It comes as the UK ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... AMG Super and Super Simplifier platforms who invested in Shield Master Fund. This is in addition to the initial claim for civil penalties and legal costs. ASIC confirmed the updated Statement of Claim, saying: "On 10 October 2025, ASIC sought to amend ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
ASIC has reported an increase of 50% in investigations and an almost 20% rise in new civil enforcement proceedings in the financial year 2025. In its report for the full year, ASIC highlighted a ramp up in its enforcement activity and work to address ...

Draft laws for insurers' ban on use of genetic test results released

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... actually operated. It will be up to ASIC to oversee the ban, contravention of which would be considered a criminal offence, and civil penalties would apply. "Genetic testing can help save lives, supporting medical practitioners to prevent, diagnose ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... opportunity to rebuild and renew the agency," he said. "From the doubling in ASIC's investigations numbers and 20% lift in civil enforcement proceedings over the last five years, to the increased funding we have secured to stabilise critical business ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... misconduct relates to five separate matters spanning the retail and institutional businesses. The lion's share of the civil penalty relates to ANZ admitting it acted unconscionably and misled the government, as well as failing to meet its AFSL obligations ...