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

Search Results

Showing 61 - 70 of 394 results for "Justice"

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement amount AMP Financial Planning (AMPFP) must now pay financial advisers who saw the ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... work, deplete the funds available to investors and creditors, and could result in "disagreements" between administrators. Justice Moshinsky said there are grounds to believe that the Shield Master Fund is not being managed in the best interests of investors ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... Ostrava Equities, and that he was banned from providing financial services by order of the Federal Court. In sentencing Justice O'Connell remarked that Grimm was "well aware of his obligations" and that he "abused the position of trust that a licensed ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... APRA, in accordance with the legislation and on the basis of providing the Trustee with procedural fairness and natural justice," BUSSQ said. BUSSQ chair Chris Taylor added that APRA has the authority to investigate the fund's policies and expenditures ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... involved in gambling, such as Aristocrat Leisure, Caesar's Entertainment Inc, Crown Resorts, and Tabcorp Holdings. Justice Horan said: "The contraventions admitted by Mercer are serious. They arose from failures by Mercer to implement adequate systems ...

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... August 2023 after serving his non-parole period. On July 30, the Court of Appeal found that "no substantial miscarriage of justice occurred when the primary judge refused to allow Munro to withdraw his guilty pleas in April 2022," ASIC said. "This was ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... unlicensed financial services on behalf of another person contrary to section 911B (1) of the Corporations Act in May. Justice Newlinds said the offence is not concerned with whether Bigatton "provided financial products advice that was dishonest, inherently ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... reasonable steps to ensure the distribution of the High Livez PDS to term deposit holders was consistent with the TMD, Justice Downes said, adding that the steps it did take were "wholly inadequate." "... it is self-evident that [there] were suitable ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... and counter-terrorism financing requirements, and $1.7 million for the Attorney-General's department to bolster criminal justice and law enforcement capacity in the region. This will lift the government's development support provided to the Pacific to ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... Consulting chief executive and co-founder altered his Financial Adviser Certificate from a 'fail' to 'pass'. Justice Kyrou argued the Karamian had a "low risk" of engaging in conduct such as forgery of a document or misleading ASIC in ...