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Showing 501 - 510 of 2521 results for "Court"

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... interest in such practices. "The settlement is without admission of liability and is subject to the approval of the Federal Court of Australia," Shine said. "Shine Lawyers, E&P and other respondents have agreed to a settlement payment of no less than ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... against Vanguard Investments Australia and Active Super. In July, ASIC brought forth civil penalty proceedings in the Federal Court against Vanguard. ASIC alleges that the investment manager issued "false and misleading statements", misrepresenting its ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... performance figures presented were notably more favourable than the most recent data available. ASIC deputy chair Sarah Court expressed concerns about the potential for consumer deception, emphasising that the omission of "necessary information" might ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... have lost significant funds..." None of the men entered pleas and all were released on bail. They are expected to return to court in February 2024.

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... seven-year period. Westpac blames it on "technology failure". ASIC has commenced civil penalty proceedings in the Federal Court, alleging that it failed to respond to hardship notices within 21 days as required by law. The bank has $547 billion in home ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
... Group said the plans with GuildSuper have been in motion for some time, culminating yesterday when the Victorian Supreme Court approved the transition of GuildSuper from Guild Trustee Services to Equity Trustees, which Future Group moved to in July. ...

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... pick up that the assets Caddick invested never existed when reviewing the annual financial reports. Filed in the Federal Court of Australia in Sydney on October 27, the litigants allege that the auditors engaged in breach of contract, negligence, and ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
ASIC has obtained interim orders from the Federal Court to freeze the funds and assets of Brite Advisors (Brite), a specialist in moving private UK pension savings offshore. The global advisory, pension administration and asset management provider came ...