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Showing 31 - 40 of 292 results for "Ruling"

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
ASIC has appealed the Federal Court's decision to dismiss its proceedings against Finder Wallet. The corporate watchdog claimed that Finder Wallet provided unlicensed financial services, breached product disclosure requirements, and failed to comply ...

Canna Campbell slapped with $114k legal bill

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... to push the lie that she had removed the content earlier," she said. Commenting on the decision, Korolak said that the "ruling should surprise no one - costs normally follow the party that wins." "Campbell was kidding herself when she tried to argue ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... major banks engaging in successful co-ordination," Halley said. ANZ chief executive Shayne Elliott said the tribunal's ruling was a "significant milestone and an important step forward." "Suncorp Bank is a high-quality business with a strong team ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... compensated workers with higher pay rates and bonuses at the expense of benefits like annual leave loading and overtime. The ruling was announced not long after Commonwealth Bank reported a half-year profit of $4.8 billion. The FSU played a key role ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... investments when it did not do so. Today, the International Court of Justice (ICJ), the UN's top court, will issue a ruling on Ukraine accusing Russia of falsely claiming that the former was committing genocide to justify its invasion and in turn ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
... called www.financialforeplaybook.com. Commenting on her win, Melbourne-based Korolak said: "The judge was very clear in his ruling, because the facts speak for themselves. Canna Campbell should have known that she did not have the right to use my intellectual ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... decision to avoid the policy. Nevertheless, Federal Court Justice Jackman dismissed all of ASIC's claims in a decisive ruling on 21 December 2023, exonerating Zurich of the alleged breaches. Post-verdict, ASIC deputy chair Sarah Court remarked that the ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
AMP is appealing the Federal Court's Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%. AMP filed a Notice of Appeal in the Federal Court yesterday ...