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Showing 581 - 590 of 5207 results for "2015-16 ASIC"

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... after ASIC launched legal proceedings against Cbus in the Federal Court yesterday over delays in processing insurance claims. ASIC alleges some 7713 TPD were impacted, 4366 of which took more than 12 months to be resolved and only 830 were resolved within ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
The Australian Financial Complaints Authority (AFCA) revealed some of the most common systemic issues it saw in the second half of FY24, including continued non-compliance with the Protecting Your Super regime. According to the Systemic Issues Insights ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
ASIC's leadership team has been questioned over their respective Qantas Chairman's Lounge memberships and whether they believe it's appropriate to maintain them. Appearing before the Economics Legislation Committee today, chair Joe Longo - who appeared ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... of E&P Financial Group, and authorised Dixon to enter into an agreement with EPO, which favoured EPO at Dixon's expense. ASIC claimed the resolutions harmed Dixon Advisory's creditors by blocking access to a $19 million intercompany receivable that could ...

Federal Court appoints receivers to ALAMMC Developments

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
... purpose-built NDIS compatible property development schemes across Australia. As previously reported by Financial Standard, ASIC launched an investigation into McWilliams and the associated companies earlier this year after receiving information from ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
ACCC chair Gina Cass-Gottlieb has told the Gilbert and Tobin Financial Services Forum that the ACCC has been advocating for reforms to merger control in Australia for years and urged the government to pass the reforms. "These reforms are particularly ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... investigation, commenced April last year, is currently ongoing. Appearing before the Parliamentary Joint Committee last Friday, ASIC chair Joe Longo said: "Our investigation concerns suspected market manipulation and contraventions of a number of provisions ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
ASIC has released its third publication on information lodged under the reportable situations regime. The publication provides high-level insights into reporting trends from 1 July 2023 to 30 June 2024, and covers licensee population reporting, breach ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... sophisticated investors, the Oak Capital Mortgage Fund and Oak Capital Wholesale Fund. Filing a case with the Federal Court, ASIC alleges Oak Capital made close to 50 loans over a four-year period to companies that it had no reason to believe were the ...