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Showing 51 - 60 of 394 results for "Justice"

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... significant losses for investors." Hopkins was also ordered to pay $50,000 of ASIC's costs. In handing down his judgment, Justice Beach found that Hopkins "had a central role as the founder, designer and operator of the unregistered schemes, including ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... whom were clients who suffered substantial investment losses-without access to funds or any leverage in negotiations. Justice O'Callaghan ruled that Dixon had faced a genuine risk of insolvency from at least July 2021, which only intensified through ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... coverage for non-disclosure of a pre-existing condition if the customer was not aware of it when taking out the insurance. Justice Jackman said that the "ordinary and reasonable reader would be ignorant of the potential effect of s47 of the ICA, and ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... it was not in the consumers' best interests and inappropriate to their circumstances. It was ordered to pay $900,000. Justice Downes said in handing down the ruling at the time: "Such an amount will serve the public interest by deterring future contraventions ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... penalty would be necessary for specific deterrence is comfortably within that $27 million," Tim Begbie KC told the court. Justice Lisa Hespe agreed the contraventions were serious and that there was a concern about the effect on members' retirement savings. ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... conduct of UGC, Hewish, and related entities is continuing. The hearing last week saw the court appoint liquidators to GCPF. Justice Neskovcin also varied the freezing orders to allow the liquidators to take any action regarding GCPF's property. ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... Bank AG and four senior banking executives as defendants were also dismissed. Last October, in a civil penalty hearing, Justice Moshinsky found ANZ did breach continuous disclosure laws as it failed to inform the market that the underwriters of the placement ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... million to $11.25 million, allowing for a 25% discount in recognition of its cooperation. In determining the penalty, Justice O'Bryan considered the fact that the annual income earned by Vanguard on the fund was less than $1 million in FY21 and about ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... former Linchpin Capital director Peter Daly's appeal, which will retain his banning order and force him to pay a fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty on Daly and banned him from ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... to The Advisers Association (TAA) chief executive Neil Macdonald, who said that advisers can still lodge an appeal of Justice McElwaine greenlighting the total settlement amount on September 6. Justice McElwaine approved litigation funder Augusta Pool's ...