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Showing 41 - 50 of 566 results for "Civil"

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... for the benefit of investors, but the next phase will be holding key players to account." ASIC is seeking declarations and civil penalties from the Court. In response, Equity Trustees said it is "considering ASIC's claim carefully and will respond on ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... exempting the reporting of certain breaches in the misleading and deceptive conduct provisions, and certain contraventions of civil penalties. The new relief clarifies that a report is taken to be lodged with ASIC if a licensee submitted a breach report ...

Productivity woes endure in March quarter

ANDREW MCKEAN  |  FRIDAY, 20 JUN 2025
... he's convening in August, which will bring together a focused group of participants from government, business, union, and civil society, will be a "genuine attempt to find common ground if it exists." The government, he said will keep an open door and ...

Government to convene a productivity roundtable

ANDREW MCKEAN  |  WEDNESDAY, 11 JUN 2025
... productivity agenda. Albanese said the roundtable will bring together leaders from the business community, union movement, and civil society in what will be a "more streamlined dialogue" than the 2022 Jobs and Skills Summit, with a "more targeted set ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... company owes close $60 million, about $20 million of which is owed to former customers of the exchange. ASIC has commenced civil penalty proceedings in the Federal Court against Guo in relation to his dealings with customer funds on the basis of statements ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... regulatory reporting systems, controls, and supervisory procedures to ensure compliance with the law. Macquarie acknowledged the civil proceeds commended by ASIC against its subsidiary. Macquarie noted that specific issues with Macquarie Securities daily ...

University endowment mandates Osmosis

JAMIE WILLIAMSON  |  TUESDAY, 1 APR 2025
The University of Adelaide Endowment Fund has invested with Osmosis via its Ex-Fossil Fuels Strategy. The University of Adelaide is now one of several endowment funds to place money in the Osmosis strategy, the Resource Efficient Core Equity ex-Fossil ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
Active Super's greenwashing will cost it $10.5 million in civil penalties for misleading members about its ESG credentials purported to eliminate investments in Russian companies and others involved in mining and tobacco, the Federal Court determined ...

Large financial firms falling behind on AI adoption

ELIZA BAVIN  |  THURSDAY, 6 MAR 2025
As artificial intelligence (AI) continues to rise, larger financial firms are lagging small and medium sized businesses when it comes to adoption, according to Evolved.AI chief executive Mike Kollo. Kollo - who is in Sydney preparing to present at the ...

SEC drops civil enforcement case against Coinbase

ANDREW MCKEAN  |  MONDAY, 3 MAR 2025
The Securities and Exchange Commission (SEC) has filed a joint stipulation to dismiss its civil enforcement action against Coinbase Inc, and its parent company, Coinbase Global. The decision follows the formation of the SEC's Crypto Task Force in January ...