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Showing 511 - 520 of 685 results for "Proceedings"

Assistant Treasurer Sinodinos resigns

AAP  |  FRIDAY, 19 DEC 2014
... corrupt conduct or illegality," he said. Senator Sinodinos informed Prime Minister Tony Abbott this week that the ICAC proceedings involving Senator Sinodinos have been delayed until March or beyond. They'd both agreed it was necessary that an assistant ...

Challenger negotiates Care Annuity compromise

JAMES FERNYHOUGH  |  THURSDAY, 18 DEC 2014
... with the DSS to develop a new Care product. As a result of the back down, Challenger has withdrawn its Federal Court proceedings against the government. The hearing due today will no longer take place. Challenger chief executive Brian Benari said: "This ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
... financial penalties and banning orders following the collapse of the Gold Coast-based fund manager. The civil penalty proceedings in the Federal Court of Australia are against Drake, Francene Maree Mulder, Eghard van der Hoven, Simon Jeremy Tickner ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
... FOFA laws will remain in force. Finance Minister Mathias Cormann was unimpressed, describing the hijacking of Senate proceedings on Wednesday and a Labor disallowance motion as "incredibly reckless and irresponsible". Financial Services Council boss ...

ASIC takes SMSF property spruikers to court

LAURA MILLAN  |  WEDNESDAY, 12 NOV 2014
... promoting the use of self-managed superannuation funds (SMSFs) to purchase investment property. The has commenced proceedings in the Supreme Court of New South Wales is seeking declarations that Park Trent is unlawfully carrying on a financial services ...

ASIC pays commissioners $2.9m in 2014

LAURA MILLAN  |  THURSDAY, 30 OCT 2014
... undertook of 125 investigations and 54 criminal and civil litigation and administrative actions, including 17 criminal proceedings with six imprisonments secured. It secured $2.7 million in compensation or remediation for investors and financial consumers. ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... financial consumers," the regulator said. The submission noted that "directors may access PI insurance to defend legal proceedings, which may reduce the amount available for investors. Gaps in, and caps on, PI insurance cover will also inevitably remain ...

BOQ reaches $17 million settlement with Storm victims

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... Bank of Queensland (BOQ) will pay $17 million to customers who were victims of Storm Financial as part of the legal proceedings of a class action brought against the bank. The net impact after tax to BOQ will be of $22.1 million, which includes all legal ...

Market wrap PM

AAP  |  THURSDAY, 11 SEP 2014
... lead from Wall Street, but by noon the main indices were back in negative territory. "Following a bright start to proceedings, the opening hours of trading have seen the early gains made by the benchmark index diminish," CMC Markets sales trader Niall ...

Mariner chairman resigns

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... Olney-Fraser. The two resignations come after the Australian Securities and Investments Commission (ASIC) commenced legal proceedings against Mariner in the Federal Court in April over the company's proposed takeover bid for listed financial services ...