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Showing 41 - 50 of 247 results for "Victims"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... Slater and Gordon practice group leader Andrew Paull said if the bank was 'walking the talk' they would remediate the victims of what Paull refers to as junk insurance. "Customers who trusted the big banks were ripped off and continue to be out of pocket ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... important application did not proceed today. The intent of the provision is to ensure that facilitating compensation for victims is given preference over the payment of penalties, if there is a risk that a defendant cannot do both." He added that law ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... missing alleged conwoman Melissa Caddick, including a Sydney home worth more than $6 million, must be sold to pay back victims. The Federal Court has found Caddick and her company, Maliver, carried out a financial services business without holding an ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... in the system," De Gori said. CHOICE chief executive Alan Kirkland added: "The government's proposal will exclude victims of managed investment scheme collapses, like the many elderly Australians who lost their savings through the collapse of Sterling ...

Social media pump and dumps gain traction

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
... it has recently observed. It did point out that those buying shares as part of these campaigns are likely to become the victims, it is the people behind the campaign who are likely to dump their shares and make a profit. "Market manipulation is illegal. ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... Superannuation Trustees, Women in Super, HESTA and Women's Legal Service Victoria said the reform is an important win for victims of domestic violence. "This new law means women leaving violent relationships will have a better chance of getting their ...

Investment scams set to double

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... enhance their legitimacy, the ACCC said. In addition, imposter bond scams that impersonate legitimate companies and offer victims the opportunity to purchase fake corporate bond are also on the rise. In the first half of this year, there were over 58 ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... totals $823 million; nearly $600 million represents payments to customers. Only $35 million has been paid to those who were victims of bad advice. AMP said it has completed identifying the clients affected by any inappropriate advice and those who were ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... structural issues with the ways in which companies handle sexual harassment complaints which inherently discriminate against victims, the Australian Council of Superannuation Investors (ACSI) conference has heard. That was the message heard during a ...