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Showing 61 - 70 of 439 results for "ASIC deputy chair"

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... companies. While the corporate regulator heightened its focused on the superannuation sector throughout the year, ASIC deputy chair Sarah Court forewarned this will only intensify in 2025. For one, ASIC will add a new priority in 2025 which it describes ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... not ongoing and made other misleading claims, including that it had only learned of the issues in July 2023. ASIC deputy chair Sarah Court said delays in claims processing cause real harm to families who may be relying on the payments to meet critical ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... their own homes as security, ASIC said - when they defaulted on the loans, Oak Capital repossessed their homes. ASIC deputy chair Sarah Court said: "As a result of loans being treated as unregulated, we allege Oak Capital deprived its clients of important ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... that it may preclude HCF Life from relying upon the Pre-Existing Condition Terms in particular circumstances". ASIC deputy chair Sarah Court said consumers should rightly expect insurers will provide accurate information to them about their rights. "Consumers ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... accurate product and marketing information in helping consumers to make informed investment decisions." Meantime, ASIC deputy chair Sarah Court said it is essential that companies do not misrepresent their products or investment strategies. "This is ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... reasonable decisions, and one cannot infer any misapplication of principle from that outcome," Justice Jackman said. ASIC deputy chair Sarah Court said the outcome should act as a reminder to directors of Responsible Entities that operate managed investment ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... appeal the judgment but hasn't indicated that it will, only that it will consider the judgement carefully. ASIC deputy chair Sarah Court said that superannuation portability and choice of super fund are important member rights. "ASIC brought this ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... sentencing of Athan Papoulias for his role in the unlicensed financial services business last year. Commenting, ASIC deputy chair Sarah Court said: "ASIC pursued this matter as part of our commitment to protect investors. Mr Iervasi's actions betrayed ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... eligible for parole after six years, with 977 days of pre-sentence custody declared as time already served. ASIC deputy chair Sarah Court said Jayaweera's actions betrayed the trust of his clients with some clients at or near retirement age and caused ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... Bit Trade have been given seven days to hash out an "appropriate form" of declaratory and injunctive relief. ASIC deputy chair Sarah Court said the outcome sends a "salient reminder to the crypto industry" about the importance of compliance with the ...