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Showing 541 - 550 of 685 results for "Proceedings"

Wellington forced to pay ASIC's cost of appeal

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... the costs incurred by the Australian Securities and Investments Commission (ASIC) after the regulator brought legal proceedings against the responsible entity of the Premium Income Fund (PIF). The cost of the proceedings is estimated to be between $80,000 ...

Storm founders will face trial

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... summary dismissal of the case. The Australian Securities and Investments Commission (ASIC) will pursue its civil penalty proceedings alleging that the former executive directors breached their duties. ASIC seeks to ban the Cassimatises from the financial ...

ASIC continues proceedings against Wellington Capital

LAURA MILLAN  |  TUESDAY, 11 JUN 2013
... Limited (ARL) was invalid and has scheduled a hearing on interlocutory relief on June 12, 2013. ASIC started legal proceedings in September 2012 after Wellington announced that ARL had acquired $90.75 million in PIF assets, in return for which the PIF ...

Wellington Capital to take PIF case to High Court

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
... which dismissed an application by the Australian Securities and Investments Commission (ASIC). ASIC started legal proceedings in September 2012, after Wellington announced that ARL had acquired $90.75 million in PIF assets in return for which the PIF ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
... Storm Financial case. A three-week trial was due to commence on 3 June 2013 in the Federal Court of Australia. "The proceedings, which ASIC commenced in December 2010, were brought to hold the banks accountable for their role in the losses suffered by ...

ASIC drops charges against Westpoint directors

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Proceedings against former Westpoint directors Norman Carey and Graeme Rundle have collapsed after the regulator discovered a surprise document, two weeks into the trial. The Australian Securities and Investment Commission (ASIC) said it had disclosed ...

Over regulation delays global recovery

MARK SMITH  |  MONDAY, 8 APR 2013
... managers in the oversight of the corporate governance in the companies in which they invest." It said it will be watching proceedings closely and aims to work with legislators during the consultation process to help avoid unintended consequences.

ASIC steps up investigation into SMSF fraud

MARK SMITH  |  WEDNESDAY, 20 MAR 2013
... Arizona, these properties have since been sold. ASIC continues to investigate the conduct of the defendants in the proceedings, including who has control of the sale proceeds of the Arizona properties.

Macquarie to compensate Storm investors in $82.5m deal

STAFF JOURNALIST  |  MONDAY, 18 MAR 2013
Macquarie Group Limited last week announced that it has reached an agreement to settle proceedings brought against it by investors advised by Storm Financial and who had Macquarie margin loan facilities. The settlement, an amount of $82.5 million including ...

PwC partner banned from auditing

BEN COLLINS  |  TUESDAY, 20 NOV 2012
... the duties of an auditor. "The misstatements in the CNP and CER financial statements have led to protracted legal proceedings involving Centro directors, as well as today's undertaking from Cougle," said Price in a statement on Monday.