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Showing 71 - 80 of 2510 results for "Court"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their online hardship ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
The Federal Court has re-sentenced former investment manager Rodney Forrest to five years and three months' imprisonment following his appeal for insider trading and procuring others to trade in more than $3 million of Platinum Asset Management shares. ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
JPMorgan Chase chief executive Jamie Dimon grabbed headlines last year when speaking at one of the banking giant's quarterly earnings calls. "When you see one cockroach," he told analysts, "there are probably more." The cockroach Dimon was referring ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

ACCC approves Zurich's ClearView takeover

KARREN VERGARA  |  MONDAY, 18 MAY 2026
... ClearView, said it intends to vote in favour of the scheme. The next steps involve receiving approval from APRA, as well as the court greenlighting the scheme. "ClearView and Zurich are continuing to work towards the implementation of the Scheme in accordance ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... off the back of InterPrac's lawsuit against AFCA filed on February 24. The concise statement filed with the Federal Court dated May 7 shows InterPrac adding Melinda Kee, a former investor in First Guardian, as a defendant in the case related to its ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... allowing victim survivors of child sexual abuse to access the superannuation assets of convicted offenders who fail to pay court ordered compensation. Assistant treasurer and minister for financial services Daniel Mulino said the Treasury Laws Amendment ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... timeframe. However, Sequoia now says Conquest has disputed the termination of the agreement. "On 7 May 2026 the Federal Court adjourned the case management hearing regarding the ASIC proceedings to allow the parties an opportunity to confer regarding ...

NZ Super 'accepts' court loss, updates policy

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... mind, we are now working on how we can reformulate those documents to ensure they satisfy that condition." Billett said the court decision focused on the way the Guardians' policy documents described the Guardians' sustainable investment decision-making ...

Former adviser jailed over $2m SMSF investment scheme

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... unlicensed financial services business and dealing with proceeds of crime tied to $1.97 million in investor funds. The County Court of Victoria sentenced the Hoppers Crossing-based former adviser on May 8, with Arandez to be eligible for parole after ...