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Showing 71 - 80 of 203 results for "Sarah Court"

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... according to ASIC. Meanwhile, APRA said it is "business as usual" regardless of which party won. ASIC deputy chair Sarah Court told the Australian Shareholders' Association Investor Conference this morning that a change in government is something ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... were "strikingly different" from what was suggested, excessively weighted toward real property. ASIC deputy chair Sarah Court said misconduct exploiting superannuation savings is an enforcement priority. ASIC updated its guidance on conflicted and banned ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... in 2021 and 2022. Active Super and Vision Super merged on March 1, now home to 165,000 members. ASIC deputy chair Sarah Court said: "This is a significant penalty that sends a strong message to companies making sustainable investment claims that those ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... noted. "At its heart, this matter is about protecting vulnerable Australians and their families," ASIC deputy chair Sarah Court said. "It is vital that death benefit claims are processed in a timely manner. Delays are likely to cause further pain and ...

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

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... Andrew Bragg, reading from the judgement that was recently handed down against AustralianSuper, asked ASIC commissioner Sarah Court about the communications. "You obtained internal communications that read, 'It benefits the member by stopping the $1.50 ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... services, so we provide members with the support and guidance they expect and deserve," he said. ASIC deputy chair Sarah Court said this penalty reflects the severity of the misconduct by Australia's largest superannuation fund which betrayed the trust ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... identified that Sanlam failed to implement a training program to assess representatives' skills. ASIC deputy chair Sarah Court said with the vast scale of its diverse cohort of authorised entities, Sanlam must have "robust compliance processes" in ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
... scheme, he did know that it didn't possess a financial services licence from about 24 June 2015. ASIC deputy chair Sarah Court said: "ASIC is committed to investigating people who engage in and profit from dishonest conduct. Mr Spina's sentencing ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... forex trading to overseas customers under their AFS licence where such offerings are prohibited," ASIC deputy chair Sarah Court said. "The conduct of licensees providing services to overseas customers under their AFSLs has attracted considerable attention ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... required to make a target market determination under the Design and Distribution Obligations regime. ASIC deputy chair Sarah Court said Binance allegedly failed to ensure that the services it provided under its Australian financial services licence were ...