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Showing 61 - 70 of 802 results for "Judge"

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
The Financial Advice Association Australia (FAAA) has come out swinging against Treasury and its second tranche of draft Delivering Better Financial Outcomes (DBFO) reforms, saying it can't support them without "substantial change." FAAA chief executive ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... attract investors to the fund and enhanced its reputation as a provider of investment funds with ESG characteristics, the judge said. "As a result, investors lost the opportunity to invest in accordance with their investment values. Further, the contravening ...

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
A Sydney-based financial adviser has been permanently banned for acting dishonestly and exhibiting a fundamental lack of knowledge, integrity, and professionalism, ASIC said. Peter Surtenich has been permanently banned on March 6 from providing any ...

Former AMP licensees rebranded as Akumin

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAR 2025
Entireti has unveiled the go-forward name of its NewCo subsidiary, home to all the financial advice brands previously owned by AMP. The business will now be known as Akumin, "inspired by the professional judgement, discernment and acumen of the experienced ...

SEC drops civil enforcement case against Coinbase

ANDREW MCKEAN  |  MONDAY, 3 MAR 2025
The Securities and Exchange Commission (SEC) has filed a joint stipulation to dismiss its civil enforcement action against Coinbase Inc, and its parent company, Coinbase Global. The decision follows the formation of the SEC's Crypto Task Force in January ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... pointed out ASIC can only make submissions to the court to seek penalties, but ultimately it is the decision of the presiding judge. The exchange comes after the Federal Court fined the super fund $27 million for dragging its feet on a multiple account ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple accounts in the way the law ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
After the Federal Court threw out BUSSQ's bid to overturn the regulator's additional licence conditions, the super fund is gearing up for another fight. APRA said the imposition of the additional licence conditions on BUSSQ are to safeguard ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... ensure fund expenditure aligns with members' best financial interests. The findings of the review must also be made public. Judge Sarah Derrington suggested BUSSQ may have pursued a judicial review as a tactical move rather than the most appropriate ...