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Showing 71 - 80 of 682 results for "Proceedings"

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 ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... short sale reporting to the market operator, supposedly misreporting millions of trades over 14 years. ASIC lodged proceedings against Macquarie Securities in the NSW Supreme Court, claiming that, between December 2009 and February 2024, it failed to ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... come as super funds make headlines for their systemic failures over death and TPD claims, including ASIC taking legal proceedings against AustralianSuper over the delayed processing of some 7000 death benefit claims in March. Super Consumers Australia ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... regulate these things as fairly as possible. That's a huge challenge," he said. ASIC now must pay for costs of the proceedings, including appeals. ASIC said it is considering the decision.

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... remain stopped pending the court's determination of the proceeding which is ongoing. As our investigations and the proceedings are ongoing, we are unable to confirm the timing and quantum of funds available to investors. We expect to provide a further ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper, alleging the fund failed to process death benefit claims efficiently, honestly and fairly between ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... its former staffers breached the restraints of trade provisions of their employment contracts. "IAM was joined to proceedings on the basis of allegations that it induced or procured such breaches by the employees. BGC is seeking damages and costs from ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... speak for AustralianSuper, but clearly that kind of communication was something that we put before the court in the proceedings as one of the pieces of evidence that we relied upon, and obviously there were concerns about any action by any superannuation ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

Keybridge Capital enters voluntary administration

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... battle between Keybridge and WAM has been ongoing for close to five years. In June 2020, Keybridge launched legal proceedings against WAM alleging it had improperly transferred 16 million Keybridge shares into its own name. Prior to the filing, WAM launched ...