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Showing 31 - 40 of 297 results for "Watchdog"

Link rejects Dye & Durham takeover bid

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... the takeover agreement, the ACCC recently said it hadn't yet agreed to provide 'approval' or any decision. The consumer watchdog also said it hadn't reached a view on Dye and Durham's request for informal merger clearance for its proposed purchase of ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... February 2020 for responsible managers and officers of the responsible entity." Despite this amendment, the corporate watchdog said it will still exercise scrutiny even if the applicant already has an AFS licence. The report further stated that ASIC ...

Corporate advisor charged over $2m theft

CASSANDRA BALDINI  |  WEDNESDAY, 22 JUN 2022
... charged with eight counts of fraud and five counts of stealing pursuant following an ASIC investigation. The corporate watchdog alleged that between March 2010 and January 2015, Torre stole approximately $1.882 million from his clients with the intent ...

ASIC helps issuers avoid greenwashing

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
... considerations are incorporated into investment decisions and stewardship activities," the sheet reads. The corporate watchdog also recommended keeping up to date with regulatory developments and ensuring disclosures are also reflected correctly. ASIC ...

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... was producing little business generated revenue and being sustained almost entirely through borrowings. The corporate watchdog also found - Ascent's primary means to make payments on loans is the money it receives from further loans, substantial liabilities ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
... launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ANZ customers were charged cash advance fees and ...

Superhero board signs former ASIC boss

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
... significantly overpaid, including ASIC paying almost $120,000 to cover his personal tax advice. The former corporate watchdog boss was cleared of any wrongdoing but still ended his tenure (2018- 2021) two years early, citing the regulator's best interests. ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions made through its bulk transaction system didn't pass through ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
In a public statement this week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... force licensees to improve identifying remediation issues and rectify and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly, and fairly when ...