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Showing 721 - 730 of 2456 results for "Court"

NAB partners with life insurance, advice provider

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... for 20 years and NAB Health for more than 15 years. Late last month, NAB was ordered to pay $18.5 million by the Federal Court for misleading fee disclosure statements in relation to personal financial advice.

Short-termism damaging climate outcomes

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... you don't get it right, it won't just be investors and super funds coming after you... You will have a plethora of court cases to address, and you will lose your social license to operated," she said, addressing these companies. "Investors and ...

Former adviser hit with criminal charges

KARREN VERGARA  |  MONDAY, 30 AUG 2021
... charged with breaching a financial services banning order on three occasions after appearing at the Brisbane Magistrates Court on August 27. ASIC banned Toledo from providing financial services for seven years in 2017 after he failed to act in the best ...

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... ASIC as a toothless tiger that preferred to negotiate fines with big organisations over long lunches rather than pursue court or criminal action. Another fallout from ASIC's appearance at the Royal Commission led to deputy chair Peter Kell resigning ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
The big four bank has been ordered by the Federal Court to pay $18.5 million for misleading fee disclosure statements in relation to personal financial advice, in what is the first penalty imposed by the court for such failures. The court found NAB ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... providing financial product advice, must comply with the law designed to protect consumers." In December 2018, the Federal Court ruled that Westpac Securities and BT Funds Management had breached the Corporations Act when recommending customers rollover ...

80% of instos find sustainability difficult

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... sustainable investing within their organisations as more important because of the pandemic. "Given recent, high profile court cases brought against superannuation funds by their members on issues such as climate change, coupled with reforms like Your ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... responsibility for the overall conduct of the audits and did not ensure that staff had the skills to conduct the audit. The court found that if the audits were conducted in accordance with auditing standards, the material misstatements would have been ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
The Federal Court has imposed orders on Commonwealth Bank that require it to publish notices on its website and newsroom for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. CBA ...

RI Advice names Practice of the Year

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
... has also strengthened the trust our clients place in us to act in their best interest." Earlier in the month, the Federal Court found that RI Advice Group failed to provide rigorous oversight over a former financial adviser which then resulted in bad ...