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

Search Results

Showing 31 - 40 of 2510 results for "Court"

Former Berndale director jailed for $700k in misused funds

VINNY VUCAGO  |  THURSDAY, 6 AUG 2026
... admitting to dishonestly misusing nearly $700,000 of company funds and authorising false statements to ASIC. The Federal Court sentence D'Amore to a total effective sentence of three years and 10 months, with a non-parole period of 23 months,for offences ...

ASIC consults to improve flexibility around pre-IPO comms

RIDDHIMA TALWANI  |  WEDNESDAY, 5 AUG 2026
... same time, they maintain robust safeguards and reinforce the central role of the prospectus as a key disclosure document." Court added by getting the balance right, ASIC can encourage market participation while ensuring investors have access to clear ...

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
... completion cannot occur on terms consistent with those originally contemplated by the parties." On July 30, however, the Federal Court granted ASIC leave to discontinue its proceedings that commenced in April, when the regulator sought the appointment ...

Chiodo in ASIC's crosshairs again

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... another property investment that raised $1.54 million from five SMSF investors. ASIC is seeking orders from the Federal Court to restrain Royce Capital Investments Royce (Australia) Real Estate (RARE), Louie Kortesis and Paul Chiodo from advertising. ...

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
The Federal Court has permanently disqualified former director Larry Dawson from managing corporations after finding he defrauded investors on their self-managed superannuation funds (SMSF) investments. Dawson was pulled out for his role as a sole director ...

ASIC sues First Guardian-linked auditors

KARREN VERGARA  |  FRIDAY, 31 JUL 2026
... occurred before the collapse of the First Guardian Master Fund, with a devastating impact on investors," ASIC chair Sarah Court said." "Just six months after Auditeo issued unqualified audit reports in relation to First Guardian, liquidators were appointed. ...

ASIC wins court order to wind up Capital Guard

RIDDHIMA TALWANI  |  WEDNESDAY, 29 JUL 2026
ASIC has successfully sought Supreme Court orders to wind up Capital Guard and appoint independent liquidators to take control of the company. Capital Guard promoted itself as a regulated financial services provider that specialised in acquiring and ...

Pengana threatens legal action against PIA

KARREN VERGARA  |  TUESDAY, 28 JUL 2026
... preparing to defend itself after it received a letter from Corrs Chambers Westgarth advising Pengana instructed it "to commence court proceedings and that court documents will follow once filed." Results from the extraordinary general meeting (EGM) yesterday ...

Trump slugs Australia with new 'forced-labour' tariffs

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... States in adopting the most common-sense of policies to combat this indefensible practice." On February 20, the US Supreme Court terminated the reciprocal tariffs imposed under the International Emergency Economic Powers Act in April 2025. The court ...

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... which was wound up shortly after failing to comply with an AFCA determination that was subsequently escalated to the Federal Court. NextGen's AFSL was active from February 2004 until February 2024. One of the firm's former clients, WJ & V Drakoulis ...