Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 751 - 760 of 2456 results for "Court"

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... the suspension or cancellation of registrations. It can issue an infringement notice or recommend that ASIC apply to the court for a civil penalty. The current regulations are limited to banning advisers. The new law will create additional penalties ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Clients who claimed Commonwealth Bank financial advisers put them in expensive CMLA life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward ...

Aware Super, MIRA acquisition progresses

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... Vocus. The FIRB approval is the first step in progressing the acquisition as it remains subject to shareholder approval, court approval and the satisfaction or waiver of certain other customary conditions as outlined in the scheme implementation deed. ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the bank's "prolonged under-investment" in its systems ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
... Hutchison failed to appear at an AAT directions hearing dealing with the review application after remittal from the Federal Court. The AAT dismissed the matter for non-appearance. Between January 2011 and November 2012, ASIC found Hutchison misled or ...

Chief economist update: How do you solve a problem like Australia's housing?

BENJAMIN ONG  |  WEDNESDAY, 16 JUN 2021
Tell us something we, Australians all, don't already know. Those who have (at least one) are salivating, wringing their hands and thanking their lucky stars. Those who don't are still pounding the pavement - winter, spring, summer and autumn ...

James Mawhinney files appeal

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... in relation to financial products. Mawhinney has retained Roberts Gray Lawyers and has lodged an appeal with the Federal Court of Australia, claiming that he was denied procedural fairness as ASIC took action against Mayfair. "The Federal Court made ...

Halifax auditors face criminal charges

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
... its director Robert Evett have been charged with breaches of auditing standards and were mentioned in Downing Centre Local Court today. ASIC has brought three charges against the auditor relating to the audits of the profit and loss statements and balance ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District of Georgia with Ramon Dickerson as the lead plaintiff. Along with IFM, CDPQ Colonial Partners, KKR-Keats ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... UK was revealed. The LIBOR scandal of 2012 resulted in a US Congress investigation and a parliamentary enquiry in the UK. Court documents filed in Singapore saw a Royal Bank of Scotland trader confirm that the LIBOR fixing process had essentially become ...