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Showing 681 - 690 of 2456 results for "Court"

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... Residential Property Fund (URF) and related products between 2 September 2015 and 31 May 2019. ASIC ultimately dropped its Federal Court case against Evans & Dixon and instead ordered it to pay a $8.2 million penalty, of which $1 million will go to the ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
... by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against QSuper, saying the fund changed life insurance policies and premiums on 1 July 2016 in a move that saw white collar ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... obtaining financial advantage by deception and one count of attempting to obtain financial advantage by deception. The County Court of Victoria sentenced Saad to nine months' imprisonment for the first count and one month's imprisonment for the ...

Former WA adviser charged with dishonest conduct

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
... the appeal process is stayed, pending the outcome of the criminal proceedings. Fong appeared before the Perth Magistrates Court last Friday and was granted conditional bail. ASIC says the matter is being prosecuted by the Commonwealth Director of Public ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... 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 AFSL. The court ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... permission to charge members a new fee that builds a financial contingency reserve. Cbus recently made a request to the Supreme Court to allow it to change its rules and create a pool that pays for future fines. Hume told an AFR conference that she is ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
The Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... MLC over insurance failures spanning more than 20 years. The regulator commenced civil penalty proceedings in the Federal Court for insurance policy and service failures that occurred between 1999 and 2020. The action is against MLC Limited, the entity ...

Mawhinney lawyer accuses ASIC of trial by media

ELIZABETH MCARTHUR  |  THURSDAY, 18 NOV 2021
... media release announcing contempt proceedings against Mawhinney before Mayfair's lawyers could access the full set of court filings. Rhys Roberts, senior partner at the firm, claimed ASIC sent out a media release at 8:06 am on Tuesday, November 16 ...

Former adviser pleads guilty to fabricating evidence

ANNABELLE DICKSON  |  THURSDAY, 18 NOV 2021
... Fortnum Private Wealth and Libertas Financial Planning, pleaded guilty to five criminal offences at the Downing Centre Local Court. Ezzat-Daniel Nesseim pleaded guilty to dishonestly providing three backdated wholesale client certificates to ASIC in ...