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| | | Nearly six years since the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Making a rare appearance at the International Congress of Actuaries ... |
| | | | ... could not be determined by autopsy and remains unknown, the coroner said. And, while oceanographic evidence rendered to the court during the inquest established it was possible Caddick entered the water off Sydney's Dover Heights on or around November ... |
| | | | ... whose financial services licence was cancelled by ASIC in 2020, was first charged for dishonest conduct in May 2021. The court determined that as director of Global Merces, a firm now in liquidation, Grofski created a 'loan agreement' purporting to show ... |
| | | | ... ASIC data, losses are estimated to be around $800 million, with the case now filed in the Victorian Registry of the Federal Court. Also pertaining to the investment sector, AFCA discovered a financial firm to be engaging in unauthorised trading, providing ... |
| | | | ... Authority (AFCA) should have its remit expanded to deal with more complaints related to superannuation, following the Federal Court's MetLife decision. As it stands, under Part 7.10A of the Corporations Act, AFCA has certain statutory powers to deal ... |
| | | | ... Chris Marco has been charged with 34 counts of enabling or aiding fraud. Linda Marissen appeared in the Perth Magistrates Court after it was alleged that she helped Marco defraud more than $29.5 million from six investors. In July last year, Marco had ... |
| | | | ... confidence. Robo-advisers are well aware of the risks of "treading into personal advice territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred ... |
| | | | ... million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations Act, and the Insurance Contracts Act between ... |
| | | | The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ... |
| | | | ... EQT proposal. Previously, similar charges were dropped after a contested committal hearing in the Melbourne Magistrates' Court. However, the Commonwealth Director of Public Prosecutions (CDPP) formally indicted Bowen on May 10. Of note, the CDPP may ... |
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