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Showing 71 - 80 of 1100 results for "Notice"

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
ASIC and APRA commenced a joint review in 2022 over concerns that life insurance premium increases might not have aligned with policy terms or met policyholder expectations set by disclosure and marketing materials, though has since noted progress. ...

ART pinged by ASIC over misleading returns data

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... provided via the Super Savings Product Dashboard on the fund's website. As a result, the fund was handed an infringement notice to the tune of $18,780. ART paid the infringement notice, however doing so is not an admission of guilt. "ASIC issued ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
The Australian Securities and Investments Commission (ASIC) has filed legal proceedings against Resimac, which manages non-bank loans provided by Perpetual Trustees, for failing to provide appropriate care in responding to hardship applications. Resimac ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... an awareness of, and ready access to, the applicable policy terms and conditions," ASIC said. Payment of an infringement notice is, however, not an admission of liability. Zurich has been contacted for a statement. The fine comes after the Federal Court's ...

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
AUSTRAC has hit crypto exchange Cointree with a $75,120 infringement notice over alleged failures to submit suspicious matter reports (SMRs) to AUSTRAC on time. The action comes after Cointree voluntarily disclosed it had not met the reporting timeframes ...

Dexus accused of breaching confidentiality in airport stake sale

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... appointed by some Dexus Bloc shareholders to conduct a sale process for their stakes. The APAC board has since issued a notice alleging that Dexus used a confidentiality deed poll and disclosed confidential information in the Dexus Bloc sale process. ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
... conduct, "the contravening conduct should be regarded as objectively serious." He added that "insurers are now squarely on notice that contractual terms may mislead consumers if the operation of those terms is modified by, or inconsistent with, provisions ...

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... Management is set to lose a sizeable institutional mandate at the end of the week. The ASX-listed manager disclosed it received notice overnight that an institutional mandate worth about $958 million is to be terminated. The termination is to take effect ...

HMC Capital progresses re-tenancy of Healthscope hospitals

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
HMC Capital said it is in "advanced discussions" to re-tenant its portfolio of Healthscope hospitals as the latter struggles to manage its debt. ASX-listed HMC flagged in an investor presentation this morning that it continues talks with multiple alternative ...

RBA opens door to May rate cut

ELIZA BAVIN  |  WEDNESDAY, 16 APR 2025
The Reserve Bank of Australia (RBA) board has indicated it is open to the consideration of an interest rate cut in May, as US President Donald Trump's tariffs place risks on the global economy. The RBA board minutes from the April meeting acknowledged ...