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Showing 51 - 60 of 566 results for "Civil"

Ausfood Super appoints chief executive

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025
... superannuation fund was swallowed up by Australian Retirement Trust last May. AvSuper provided superannuation services to the Civil Aviation Authority, which later split into Air Services Australia and Civil Aviation Safety Australia. Previously, Sykes ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... methods or "off-channel communications," according to the SEC. Kohlberg Kravis Roberts & Co (KKR) will pay US$11 million in civil penalties. Apollo Capital Management was penalised US$8.5 million. Carlyle Investment Management and its two subsidiaries ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... contravening Chinese law and it failed to take any reasonable steps to warn its customers that it was exposing them to potential civil and criminal liability in China. ASIC said the judgment has important implications for entities providing financial ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
... assistant professor at Tulane University School of Law before becoming Special Assistant to the US Attorney General in the Civil Rights Division in the late 1960s. There, he litigated many racial discrimination cases before moving into securities and ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... and supervision obligations to ensure these advisers are compliant with the regulations and, where they fail, may incur civil penalties. Abood welcomed this surprise inclusion, saying many FAAA members have expressed interest in employing these advisers ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... and that returns would be significant. The investor losses totalled approximately $27 million. This is the third highest civil penalty ordered against an individual in relation to a proceeding commenced by ASIC. "ASIC recently announced unscrupulous ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... connection with this government scheme," she said. In 2023, ASIC's new investigations grew by 25% year on year, while civil proceedings rose 23%. This included taking action in the areas of greenwashing, cryptocurrency, predatory lending, high-cost ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
The controversial $370 billion pact between the US, Australia, and the UK, or 'AUKUS', is being sold as a boon for the economy and nation-building exercise that will amplify defence capabilities and strengthen regional security. But is it all ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
... emerging market and developing economies, disruptions to production and shipping of commodities-especially oil-conflicts, civil unrest, and extreme weather events have led to downward revisions to the outlook for the Middle East and Central Asia and ...

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
The unemployment rate held steady at 4.1% in September, in line with the revised figure for August, according to seasonally adjusted data released by the Australian Bureau of Statistics (ABS). "With employment rising by around 64,000 people and the ...