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Showing 491 - 500 of 961 results for "Federal Court"

Court restricts Mayfair advertising

ELIZA BAVIN  |  MONDAY, 20 APR 2020
The Federal Court has restricted Mayfair 101 from promoting its debenture products and prohibited the use of specific words and phrases in its advertising. The order comes after ASIC made an application to the court for an interim injunction at the ...

MLC Life executive joins AFCA

HARRISON WORLEY  |  FRIDAY, 17 APR 2020
... a refund to QSuper member Tommy Lam on two and a half years' worth of overpaid premiums has been appealed in the Federal Court by the giant Queensland super fund. Last Thursday, the court dismissed QSuper's appeal and ordered it to pay costs. However ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... has appealed against an AFCA decision favouring a member complaint seeking a refund on insurance premiums in the Federal Court. QSuper member Tommy Lam last year successfully complained to the Australian Financial Complaints Authority (AFCA) that he ...

ASIC winds up three financial services companies

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... recently obtained wind up orders for three financial services companies, including two financial advice businesses. The Federal Court of Australia in Melbourne handed down the orders to wind up Australasia Wealth Services and Management (AWSM), Marigold ...

Mayfair 101 accused of misleading advertising

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... debenture products while redemptions to existing investors remain suspended. ASIC has commenced proceedings in the Federal Court. Mayfair 101 responded with a statement strongly maintaining that it is compliant with all relevant legislation. The company ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
The Full Federal Court has confirmed the directors of Storm Financial Group breached their duties as directors, dismissing their appeal of ASIC's 2016 decision. The determination wraps up an appeal against the regulator's original decision by ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... the same day, ASIC also took action against Colonial First State. The regulator commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ASIC alleges CBA contravened the responsible lending provisions of the National Consumer Credit Protection Act 2009 (National ...

IOOF restructures leadership team

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... launching action against the firm. The law firm conducted an investigation into misconduct which saw it obtain a Federal Court order for IOOF to produce documents related to the alleged misconduct. "IOOF shareholders have repeatedly seen the value of ...