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Showing 31 - 40 of 659 results for "Penalty"

ASIC issues $2.2m infringement notices

ANGELIQUE MINAS | THURSDAY, 11 DEC 2025

... Corporation of Australia, and White Fox Boutique. Each company faced a notice of at least $187,800. MJ Bale Group received a penalty of $198,000, as the notice was issued after the unit value had increased. The penalties total a collective $2.2 million ...

ASIC takes SMSF auditor to court for continuing work despite ban

RIDDHIMA TALWANI | THURSDAY, 27 NOV 2025

... in the Melbourne Magistrates Court on November 26 and has been listed for further mention on 4 March 2026. The maximum penalty for making false documents with the intention for it to be accepted as genuine is 10 years of imprisonment, while the maximum ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI | TUESDAY, 25 NOV 2025

... directors can also face individual criminal consequences over their business's reporting failures." The maximum available penalty for the offences is a term of five years imprisonment and/or fine of up to $126,000. However, when the charges are dealt ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN | THURSDAY, 6 NOV 2025

... of an infringement notice is not an admission of guilt or liability. ASIC also confirmed today that Prime Super paid a penalty of $18,780 after it claimed it "excluded entirely" manufacturers of tobacco products when it had indirect holdings in six companies. ...

Prime Super fined over tobacco exclusion claims

JAMIE WILLIAMSON | THURSDAY, 6 NOV 2025

Prime Super paid a penalty of $18,780 after it claimed it "excluded entirely" manufacturers of tobacco products when it had indirect holdings in six companies. ASIC issued an infringement notice to the $8 billion super fund over misleading statements ...

James Mawhinney launches another appeal

JAMIE WILLIAMSON | TUESDAY, 28 OCT 2025

... no risk of default representation was made, and that a security representation was made. He was also issued a financial penalty of $30 million, which he said was "manifestly excessive". Mawhinney has so far successfully defended a number of the allegations ...

Feature: Compliance | Passing the buck

ELIZA BAVIN | WEDNESDAY, 15 OCT 2025

... industry funded. "The other thing you could do is hold people accountable, and seriously accountable. I think having a penalty system that is significant will make sure that people don't do things they're not meant to do."

APRA lifts final Westpac capital add-on

KARREN VERGARA | WEDNESDAY, 15 OCT 2025

... relating to anti-money laundering. In October of the following year, the Federal Court ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, minting the highest civil penalty ...

Government reviewing $3m super tax

ELIZA BAVIN | FRIDAY, 10 OCT 2025

... of legislation in the parliament, we made it really clear that our first priority was student debt relief, protecting penalty rates, making medicines cheaper, making it easier to crack down on childcare centres which aren't up to scratch. Those have ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI | FRIDAY, 10 OCT 2025

... Linchpin Capital Group and Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. In 2019, the Federal Court found Linchpin operated a fund unlawfully ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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