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Showing 61 - 70 of 682 results for "Proceedings"

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege Mercer Super failed to report seven serious investigations at all, while another was reported more than a year ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... trial commencing 9 November 2026. CBA, CFSIL and AIL deny the allegations and CBA said it will continue to defend the proceedings. The second superannuation class action was filed in January 2020 against CFSIL and the Colonial Mutual Life Assurance Society ...

North inflows jump 60%

KARREN VERGARA  |  MONDAY, 21 JUL 2025
... 1950s and 1960s saw returns of 10.1% p.a. and 11.2% p.a. respectively. AMP is currently facing two separate legal proceedings. The first relates to allegations AMP charged higher premiums for certain members of AMP's superannuation funds for life ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... class actions practice leader Sarah Thomson said. When addressing the class action AMP said it intends to defend the proceedings.

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
AMP has been served two separate legal proceedings; one a fresh class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
... Selimaj. That application has been listed for a case management hearing on 22 July 2025. The fresh orders come after proceedings have been continuing since May 2024, when First Guardian suspended the processing of applications and withdrawals from the ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... take their websites down. In London, the Financial Conduct Authority arrested three individuals and launched criminal proceedings against them. It interviewed a further four finfluencers, sent seven cease and desist letters, and issued 50 warning alerts ...

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... self-reported relevant matters to ASIC in September and October 2023. Australian Unity said in response: "Importantly, the proceedings do not concern aspects of SIF's operational management or the integrity of SIF investment products. Australian ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... million, about $20 million of which is owed to former customers of the exchange. ASIC has commenced civil penalty proceedings in the Federal Court against Guo in relation to his dealings with customer funds on the basis of statements made about those ...

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... case has been before the court for just shy of five years, with Justice Halley officially determining to dismiss the proceedings and ordering the applicants to pay Count Financial's costs. Piper Alderman launched the proceedings on the back of Count ...