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Showing 551 - 560 of 688 results for "Penalty"

Merrill Lynch Equities Australia handed $96,000 fine

MARK SMITH  |  FRIDAY, 12 SEP 2014
... Markets Disciplinary Panel. The Australian Securities and Investments Commission (ASIC) said the company received the penalty for failing to have in place an appropriate automated price filter in relation to automated order processing for one client ...

Mariner chairman resigns

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... Group Limited (Austock). ASIC said it was seeking financial penalties and disqualification orders, stating: "ASIC's civil penalty proceedings in the Federal Court of Australia are against Mariner, its chief executive and managing director Darren Olney-Fraser ...

Adviser jailed for blowing client funds on fast cars

MARK SMITH  |  THURSDAY, 21 AUG 2014
... commissioner Greg Tanzer said. "ASIC will act to ensure those who disregard their responsibilities face the appropriate penalty. As today's sentence shows, jail time is a very real possibility." Cini pleaded guilty to all charges in March 2014. The Commonwealth ...

Administrators fined over 'free ' SMSF set up claims

STAFF WRITER  |  TUESDAY, 12 AUG 2014
... (ASIC)A has ordered a self-managed superannuation fund (SMSF) administration service provider to pay an infringement notice penalty after claiming its service was free. Your Super Accountant has paid the $2,040 penalty in relation to statements that ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... submission on the costs, benefits and trade-offs of refining the scope and breadth of ASIC's mandate and is reviewing the penalty regime in the Corporations Act. The possible policy changes it asks parties to consider include the extension of regulation ...

ATO closing in on undisclosed offshore income

MARK SMITH  |  MONDAY, 30 JUN 2014
... disclosing their offshore assets will generally be assessed for the last four years, be liable for a maximum shortfall penalty of 10% and full shortfall interest charges, and will not be investigated by the ATO or referred for criminal investigation ...

Advisers turn budget into opportunity to engage

LAURA MILLAN  |  THURSDAY, 15 MAY 2014
... super contributions, which can be withdrawn and taxed on the earnings paid at a marginal tax rate rather than paying the penalty tax. "That's a really positive measure," Rae said. "If you think about your personal budget, if you have been spending more ...

Virgin Money cops fine for misleading direct insurance ads

MARK SMITH  |  WEDNESDAY, 30 APR 2014
... three infringement notices for misleading online and television advertising, with each infringement notice carrying a penalty of $10,200. The fines related to the promotion of Virgin Money's Quick & Easy direct life insurance product, which appeared ...

ASIC takes legal action against Mariner over Austock takeover

ALICE URIBE  |  THURSDAY, 3 APR 2014
... following the company's 25 June 2012 A announcement that A it intended A to make a takeover bid for Austock. The civil penalty proceedings are in the Federal Court of Australia against Mariner, its chief executive and managing director Darren Olney-Fraser ...

ATO issues warning ahead of tax haven crackdown

STAFF WRITER  |  FRIDAY, 28 MAR 2014
... international tax liabilities, act now and come forward and we'll bring you back into the system with a heavily reduced penalty. If you don't declare your interests, you'll be caught and penalised," Jordan said. The ATO says the net is closing in on ...