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Showing 701 - 710 of 2456 results for "Court"

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
A former Freedom Insurance director and consultant will head to Federal Court for their alleged involvement in aggressive sales tactics. ASIC has commenced civil penalty proceedings against former Freedom Insurance managing director of Keith Cohen and ...

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... investment returns. The scenario analysis is part of what Rest member Mark McVeigh requested from the fund when he took it to court for its management of climate change risk. Rest said scenario analysis and stress testing of its investment portfolio ...

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... ASIC ordered Dover Financial Advisers and its founder Terry McMaster to pay over $1.4 million in penalties by the Federal Court of Australia.

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... accurate information that enables them to make informed decisions about their retirement savings," ASIC deputy chair Sarah Court said. "Superannuation represents the future financial security of all Australians. We want to see funds operate in a way ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
The regulator is seeking support from government to extent its product intervention powers on contracts for difference (CFDs) until they are revoked or sunset in 2031. The product intervention order will expire on 23 May 2022 unless it is extended with ...

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... arrests. "The woman is negative, one is negative of the men and the other test is inconclusive," he said. The Perth Magistrates Court sentenced Babbage and his companion to be jailed for 10 months.

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... recommendations from a prudential inquiry to improve its governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. CBA released the thirteenth and final report from its independent reviewer ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
The regulator is taking Diversa Trustees to court over failing to maintain oversight of a now banned financial adviser. Diversa is the trustee for $1 billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... person or by proxy and 99.98% of the total votes were in favour of the scheme resolution. The acquisition remains subject to court approval on October 15. If approved, Mainstream will lodge the court orders to ASIC on October 18 and will cease trading ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... that AFCA is achieving its purpose in being faster and cheaper for consumers and firms compared to an alternative such as a court or tribunal," AFCA chief executive David Locke said. "We also saw that over 70% of cases were resolved in the early stages ...