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Showing 41 - 50 of 296 results for "Ruling"

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... investments when it did not do so. Today, the International Court of Justice (ICJ), the UN's top court, will issue a ruling on Ukraine accusing Russia of falsely claiming that the former was committing genocide to justify its invasion and in turn ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
... called www.financialforeplaybook.com. Commenting on her win, Melbourne-based Korolak said: "The judge was very clear in his ruling, because the facts speak for themselves. Canna Campbell should have known that she did not have the right to use my intellectual ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... decision to avoid the policy. Nevertheless, Federal Court Justice Jackman dismissed all of ASIC's claims in a decisive ruling on 21 December 2023, exonerating Zurich of the alleged breaches. Post-verdict, ASIC deputy chair Sarah Court remarked that the ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
AMP is appealing the Federal Court's Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%. AMP filed a Notice of Appeal in the Federal Court yesterday ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... took NAB over two years to stop charging these incorrect fees, which was clearly unacceptable." "An unconscionable conduct ruling, penalty and resulting remediation program demonstrates the consequences that come from not resolving an issue in a timely ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... McFaddens retain the right to contest the decision by appealing to the Administrative Appeals Tribunal, ASIC's current ruling stands firm. Sutton's ban is recorded on ASIC's banned and disqualified register.

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... "Of the 22 recommendations, the government will adopt 14 recommendations in full or in principle today. We are also not ruling out any recommendations and will finalise our position on the remaining recommendations before the end of the year," he said. ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... Robo-advisers are well aware of the risks of "treading into personal advice territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred regulatory ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ruling that required that financial factors take precedence over nonfinancial or nonpecuniary factors. Paxton called the rule ...