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Showing 71 - 80 of 802 results for "Judge"

ASIC bans adviser fraudster found with child abuse material

ANDREW MCKEAN  |  WEDNESDAY, 29 JAN 2025
... substantial amount of money, and you made a conscious decision to steal from the deceased estate over about 11 months," Judge Paul Smith said. "You were in a position of trust, being a financial adviser. It was brazen, persistent and premeditated." Judge ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC commissioner Alan Kirkland had told financial advisers and superannuation trustees that more needs to be done to ensure better retirement outcomes for Australians. It comes after ASIC released its superannuation choice products and their focus ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
Cbus has confirmed Paddy Crumlin, Jason O'Mara and Lucy Weber have joined the board after satisfying a 'fit and proper persons test' as part of the ongoing independent review being conducted by Deloitte at the direction of APRA. The findings ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
Fronting a Senate hearing today, Cbus chief executive Kristian Fok said the fund's board is still considering whether it will appoint the replacement directors nominated by the CFMEU back in September. In September, the CFMEU administrator re-nominated ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... Dixon's best interests, having weighed the advice he received and the impact on both creditors and the parent company. The judge rejected ASIC's argument, finding no grounds to doubt Ryan's testimony.

Federal Court appoints receivers to ALAMMC Developments

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
... investments made by investors in these businesses, raising concerns that these funds may have been misappropriated. Federal Court judge David Yates noted that there was evidence of numerous transfers of funds, including potential investor funds, between ...

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... cut in February 2025," Bassanese said. "However, a rate cut in February is by no means a done-deal, as the RBA could still judge annual trimmed mean inflation of 3.5% (and likely persistently sticky service sector inflation) as insufficiently good progress ...

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

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
Vanguard will pay a $12.9 million fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... complaint that the penalty is excessive and unfair." "However, the penalty and period of disqualification ordered by the primary judge are well within the range of reasonable decisions, and one cannot infer any misapplication of principle from that outcome," ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... investments made by investors in these businesses, raising concerns that these funds may have been misappropriated. Federal Court judge David Yates noted that there was evidence of numerous transfers of funds, including potential investor funds, between ...