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Showing 71 - 80 of 142 results for "Legal action"

ASIC takes legal action against Mariner over Austock takeover

ALICE URIBE  |  THURSDAY, 3 APR 2014
The Australian Securities and Investment Commission (ASIC) has started legal action against listed funds management company Mariner Corporation (Mariner) over its proposed 2012 takeover bid for financial services company Austock Group (Austock). ASIC ...

CBA could face legal action over Operation Lantern

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
The Commonwealth Bank (CBA) may have broken the law when commissioning a security firm to conduct Operation Lantern, a surveillance operation on anti-banking lobbyist Michael Fraser. Fraser was followed and photographed by private investigators from ...

ASIC accepts EU from two advice firms

LAURA MILLAN  |  TUESDAY, 24 SEP 2013
... deficiencies into Spring's authorised representative Royal Capital, as well as other businesses. Spring will also take legal action against Royal Capital. But according to ASIC, Spring Financial failed to monitor and supervise Royal Capital to ensure ...

Future Fund denies wrongdoing in Perth Airport deal

MARK SMITH  |  TUESDAY, 27 AUG 2013
... acquisition of a shareholding in Perth Airport Development group. In February the $60 billion AustralianSuper threatened legal action against the $85 billion sovereign wealth fund. The Future Fund is alleged to have breached a shareholders' agreement ...

ASIC orders additional AFSL conditions on Sydney firm

LAURA MILLAN  |  MONDAY, 26 AUG 2013
... business is dealing and making a market in margin foreign exchange contracts to retail clients. ASIC has also taken legal action against a Cairns-based lender and broker who offered high-interest credit contracts to consumers in one of Australia's most ...

AFS advisers question payment model

LAURA MILLAN  |  FRIDAY, 16 AUG 2013
... pessimistic about the situation. In a letter to advisers obtained by Financial Standard, the firm said that any further legal action will be "unproductive" because advisers are unsecured creditors and it is unlikely that there are any funds left for ...

Trio director strikes back and takes APRA to court

LAURA MILLAN  |  THURSDAY, 15 AUG 2013
... start proceedings in the Federal Court to disqualify him from financial services. Millhouse has decided to launch legal action against APRA himself and has called for an independent inquiry into the regulator. Millhouse was a director of Trio and member ...

ASIC takes action against diamond trading scheme

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
The Australian Securities and Investments Commission (ASIC) has started legal action against what could be an elaborate diamond trading scheme designed to avoid the operation of the consumer credit laws. ASIC filed proceedings in the Federal Court in ...

'Business as usual' for Perennial despite legal bid

MARK SMITH  |  TUESDAY, 23 JUL 2013
... believed IOOF's 2008 merger with Australian Wealth Management triggered the change in control clause and first mounted legal action in the NSW Supreme Court in 2011, which they lost. That decision has now been upheld in the NSW Supreme Court of Appeal. ...

AIST employee to take legal action over workplace dispute

MARK SMITH  |  FRIDAY, 21 JUN 2013
... Work Commission gave the green light for an Australian Institute of Superannuation Trustees (AIST) employee to take legal action against the industry body after she claimed to have been constructively dismissed. IT systems administrator Hanina Rind had ...