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

Search Results

Showing 31 - 40 of 673 results for "Penalty"

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... and its cyber incident response plan was not tested on an annual basis. FIIG was ordered by the Federal Court to pay a penalty of $2.5 million as well as $500,000 towards ASIC's legal costs. FIIG must also engage an independent expert to undertake a ...

Petra Capital fined over misreporting of 15k trades

MATTHEW WAI  |  THURSDAY, 5 FEB 2026
... Capital is not taken to have contravened subsection 798H (1) of the Corporations Act 2001, ASIC said. The maximum pecuniary penalty payable under ran infringement notice in relation to an alleged contravention of subsection 798H (1) of the Act, by reason ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
... decision, Australian Unity was made to display an adverse publicity notice on the fund's website. In considering the penalty, Justice Moshinsky took into account AUFM's processes and governance systems and said such improvements "make it less ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
... as crypto products can be highly volatile, inherently risky and complex." Justice Kylie Downes described the $2 million penalty for unlicensed conduct as a deterrent to BPS Financial and to the digital asset industry as a whole. Beyond pecuniary penalties ...

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... the matter being dealt with for sentence in the local court. For his part in handling the money, Gunn faces a maximum penalty in the Local Court of one year imprisonment, a fine of $12,600, or both. The matter is next listed in the Downing Centre Local ...

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... misunderstood his role in the business. "The decision deviates from similar cases, imposing an overly harsh and disproportionate penalty. For example, a comparable case involved a two-year ban limited to providing personal advice to retail clients," ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... convicted of insider trading following ASIC investigations, including senior executives and company chairs. The maximum penalty for the offence of insider trading is imprisonment for 15 years.

AOFM names lead managers for 2037 Treasury Bond

ELIZA BAVIN  |  WEDNESDAY, 21 JAN 2026
... around $42 billion. This new bond issuance comes after the ANZ bond scandal, which saw the major bank pay an $80 million penalty for unconscionable conduct relating to services provided to the government during a syndicated bond issuance, and a $50 million ...

ATO to restrict travel over unpaid super obligations

ELIZA BAVIN  |  WEDNESDAY, 7 JAN 2026
... their obligations and refuse to engage to pay their outstanding amounts. Other examples of firmer actions include director penalty notices, garnishees, referrals to credit reporting bureaus and wind-up applications. DPOs are often applied in conjunction ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
Ahead of Christmas, ASIC commenced civil penalty proceedings against BDO Audit (WA) and its director Dean Just alleging it made misleading statements, while failing to take reasonable steps to ensure reports were factually accurate for an ASX-listed ...