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Showing 621 - 630 of 668 results for "Penalty"

Westpoint exec faces court

ASIC RELEASE  |  WEDNESDAY, 7 OCT 2009
... to obtain a financial advantage in contravention of section 178BB of the NSW Crimes Act. Each offence carries a maximum penalty of five years' imprisonment. ASIC alleges that in May 2004, Rundle made false statements to a financial institution in support ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
... Opes Prime and alleged involvement in the contravention by ANZ and Merrill Lynch. The second potential claim was a civil penalty and compensatory action against the directors of Opes Prime, and the ANZ bank. ASIC announced in March 2009 that it has put ...

Nooo Commission strips trailing fees off home loans

MICHELLE BALTAZAR  |  FRIDAY, 22 MAY 2009
... As with any products, it is not just about the fees at the outset but that consumers also need to compare and contrast penalty clauses, service levels and loan features. In the end, Taggart said they want to offer "optimum transparency and value for ...

James Hardie a case study on governance

ASIC RELEASE  |  FRIDAY, 24 APR 2009
... governance, said ASIC. The Australian Securities and Investments Commission (ASIC) said yesterday's decision in its civil penalty proceedings against the personnel of James Hardie and James Hardie Industries NV was a milestone in corporate governance ...

West Pymble adviser charged

ASIC RELEASE  |  WEDNESDAY, 22 APR 2009
... company was 'an Australian brand name in its industry' and had 'high public recognition'. In determining the appropriate penalty, Justice Barrett took into consideration that Matthews had been found guilty of contempt on three previous occasions. His ...

Adviser charged for contempt of court

MEDIA RELEASE  |  FRIDAY, 27 FEB 2009
... served a three months jail sentence for contempt of court in March 2000. The matter has been adjourned for a hearing on penalty on 19 March 2009.

More donations to help Bushfire Appeal

MICHELLE BALTAZAR  |  FRIDAY, 13 FEB 2009
... that those affected by the bushfire can re-negotiate their existing loans, access their term deposits without incurring a penalty charge and defer credit card and loan repayments for a certain period. Fund managers AMP and AXA have also donated at least ...

New home for $58 billion

MICHELLE BALTAZAR  |  TUESDAY, 10 FEB 2009
... flexible. For example, the products can be accessed sooner, either after one year or two years, without investors paying a penalty. Existing capital protected products tend to have a lock in period of four years or more. Jeston added that investors can ...

Trader caught shorting despite ban

MICHELLE BALTAZAR  |  FRIDAY, 7 NOV 2008
... Ltd. The regulator was alerted to the transactions by the Australian Securities Exchange (ASX). Spagnolo faces a maximum penalty for each offence of six months imprisonment and a fine of up to $2,750. ASIC banned all covered short sales from 21 September ...

AusSuper saves members $15m

MICHAEL HOBBS  |  THURSDAY, 18 SEP 2008
... members responding, saving $15.2 million in tax. "Members who responded to this campaign, who were at risk of paying the penalty tax rate, received total contributions of almost $48 million into their accounts during 2007/2008 tax year," said Ian Silk ...