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Showing 741 - 750 of 2456 results for "Court"

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover and Tidswell in the South Australia Federal Court alleging Tidswell had failed in its duties as the promoter and trustee of MobiSuper. The court ordered Tidswell and ASIC into ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... chief executive and general manager of policy and professionalism Phil Anderson said the levy essentially funds ASIC's court cases. "As predominantly small business operators, advisers are being forced to invest a large amount of money into litigation ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements. Between September 2014 and August 2017, the court found that the companies harmed ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ...

SMSF fraudster loses appeal

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
The Queensland Court of Appeal has dismissed an appeal by former property developer Craig Gore who was found guilty of defrauding self-managed superannuation fund investors. In November 2020, Gore was sentenced to five years' imprisonment with a ...

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
... count of making false documents and one count of using false documents under the Crimes Act 1900 (NSW) in Parramatta Local Court. He was a director of Nexus Financial Planning, an advice practice in Sydney trading as Hillross Bella Vista, from 8 June ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... action to tackle misconduct and stem consumer harm in the direct life insurance market. ASIC has delivered deterrence through court action, disruption and improvement in sales practices and delivered compensation to tens of thousands of consumers who ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

Stop abusers hiding super: AIST

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
... proposed package of changes would allow the ATO to share information about superannuation assets directly with the Family Court. AIST and the group of organisations want to see these changes pushed through Parliament swiftly. By allowing the ATO to share ...

ASIC removes Societe Generale restrictions

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
... conditions. In October, Societe Generale pleaded guilty to four counts of client money obligation breaches in Sydney's local court and has been ordered to pay $30,000 on top of the AFS licence conditions imposed by ASIC. The bank breached s993B(1) ...