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Showing 541 - 550 of 961 results for "Federal Court"

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

Publisher slammed for Future Fund claim

HARRISON WORLEY  |  MONDAY, 2 SEP 2019
... that claimed investors could mimic the performance of the Future Fund has been slapped with a $600,000 fine by the Federal Court. Online publishing company Port Phillip Publishing (PPP) has been ordered to pay a $600,000 penalty by the Federal Court ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... Perth-based business which Goldenberg was the sole director of. Superfunded - as ASIC explained when applying to the Federal Court for permission to appoint a liquidator last year - was a self-managed super fund business which allowed clients to access ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
The Federal Court has dismissed ASIC's case against Westpac, alleging it breached responsible lending practices for home loans. ASIC alleged that between December 2011 and March 2015, the bank failed to properly assess whether borrowers could meet repayment ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Backed by IMF Bentham, Clime told shareholders it was pleased the in-principle settlement has been reached with UGL, a firm that provides engineering ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... ASIC's intent, the first case concerning alleged breaches of conflicted remuneration provisions is underway in the Federal Court. The corporate regulator is seeking to declare The SMSF Club and its licensee RM Capital contravened the Corporations Act ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... funder Harbour, the law firm filed a class action seeking compensation for AMP superannuation fund members at the Federal Court in Melbourne today. It estimates two million accounts have been impacted by AMP's alleged misconduct, which contravened ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
Maurice Blackburn today filed a class action in the Federal Court suing UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan. The class action alleges the banks colluded to rig foreign exchange rates during a period between January 2008 and ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... issuer and helped appoint a receiver to the firm and its related companies. ASIC has successfully applied to the Federal Court to appoint receivers to Berndale Capital Securities, Berndale Capital Securities Management and Algoplus. ASIC sought the appointment ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... integrity related cases. Of key concern, ASIC won the Bank Bill Swap Rate case against Westpac in November - with the Federal Court ordering Westpac to pay $3.3 million for contravening the ASIC Act 2001 by its involvement in setting the ASX Bank Bill ...