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Showing 51 - 60 of 673 results for "Penalty"

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... industry funded. "The other thing you could do is hold people accountable, and seriously accountable. I think having a penalty system that is significant will make sure that people don't do things they're not meant to do."

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... relating to anti-money laundering. In October of the following year, the Federal Court ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, minting the highest civil penalty ...

Government reviewing $3m super tax

ELIZA BAVIN  |  FRIDAY, 10 OCT 2025
... of legislation in the parliament, we made it really clear that our first priority was student debt relief, protecting penalty rates, making medicines cheaper, making it easier to crack down on childcare centres which aren't up to scratch. Those have ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI  |  FRIDAY, 10 OCT 2025
... Linchpin Capital Group and Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. In 2019, the Federal Court found Linchpin operated a fund unlawfully ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... with APRA to uplift its investment governance processes on its wrap platform. The regulator said it will not be seeking a penalty against Macquarie given the "exceptional circumstances" of the situation. These include the immense public interest in the ...

ASIC appoints new chair, deputy chair and members to MDP

RIDDHIMA TALWANI  |  WEDNESDAY, 17 SEP 2025
... notice to the MDP and the sitting panels independently make decisions on the matter. The panel can specify a financial penalty of up to $4.95 million, give remedial measures, apply sanctions or dictate enforceable undertaking the participant must adhere ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
... earnings and capital gains; implement transitional rules that allow affected taxpayers to restructure their affairs without penalty; and index the $3 million threshold annually to account for inflation and ensure the system remains fair and equitable ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... misconduct relates to five separate matters spanning the retail and institutional businesses. The lion's share of the civil penalty relates to ANZ admitting it acted unconscionably and misled the government, as well as failing to meet its AFSL obligations ...

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... advice. The offences are rolled up as they relate to multiple instances of offending. Breaches of s1043A carries a maximum penalty of 15 years' imprisonment or the greater of $1,485,000 or three times the benefit derived for individuals. This story ...