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Showing 51 - 60 of 682 results for "Proceedings"

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... Meanwhile, ASX chief executive Helen Lofthouse - who has been under the microscope herself after a former staffer launched proceedings against her for alleged bullying - said she was "acutely aware" of issues that need to be addressed. "ASX must accelerate ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... Master Fund collapse but has committed to reimbursing investors' retirement savings by September 30. ASIC commenced proceedings in the Federal Court against Macquarie Investment Management Limited (MIML) after it admitted it did not act efficiently ...

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... assets, including class actions and insolvency-related litigation in Australia, as well as arbitration and insolvency proceedings across Asia, it said. MSC Group managing director Matthew Fletcher said the appointments position the organisation in good ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... renew the agency," he said. "From the doubling in ASIC's investigations numbers and 20% lift in civil enforcement proceedings over the last five years, to the increased funding we have secured to stabilise critical business registers essential to ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
... processing of nearly 7000 death benefit claims. Some beneficiaries were left waiting four years for a payout. Court proceedings that kicked off in March reveal that the $387.6 billion fund took between four months and four years from the date the claim ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 to May 2020. The proceedings related to fees charged to members of certain AMP superannuation funds, and the interest rates received, and fees charged ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... Chris Marco to defraud more than $29.5 million from six investors. The criminal charges followed earlier Federal Court proceedings taken by ASIC against Marco and the company previously run by him, AMS Holdings (WA). In those proceedings, the Federal ...

Allow couples tax-free super splitting: Hume

JAMIE WILLIAMSON  |  FRIDAY, 5 SEP 2025
... said. The law already allows for super balances to be split, typically under family law provisions as part of divorce proceedings. However, this no longer requires a court order, and there is now standard forms and recognised tax treatments of a rollover ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... trustees to be more accountable for Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings against two super funds over their claims handling practices. In January 2025, we called out trustees for weak scam and ...

ASX revenues, profits increase amid scrutiny

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
... acknowledged the growing concerns around the Clearing House Electronic Subregister System (CHESS); ASIC has commenced legal proceedings against the ASX for allegedly making misleading statements in relation to the CHESS replacement project. "We've experienced ...