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Showing 891 - 900 of 1680 results for "Breach"

Aurora takes acquisition bid to Federal Court

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... disregard" of their duties as directors. Further, it proposes to refer the matter to ASIC to investigate the potential breach of directors' duties - including other matters relating to the "genuineness of the transactions." One particular concern over ...

ClearView defends arrested director

HARRISON WORLEY  |  THURSDAY, 2 AUG 2018
... ClearView added the charge was unproven and Brown also has the full support of NASFUND. The fund believes Brown did not breach any laws and also stated it will defend Brown in his "vigorous" defence of the charge brought against him. The national fraud ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
... expert to review compliance breaches following an ASIC investigation in February 2017. ASIC initially made enquiries into breach reports lodged by NAB wealth entities regarding NULIS. These related to a "breakdown in risk management and communication ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... Shipton said in his address at the FSC Summit in Melbourne today. And this is only the first step in the reporting the breach to ASIC, he said. The findings are from an ASIC report to be released next month, one which probed breach reporting practices ...

IMF Bentham eyes potential Facebook, Cambridge Analytica goldmine

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUL 2018
IMF Bentham will potentially fund a class action against Facebook, having already invested in a complaint against the social media giant in response to the now-infamous Cambridge Analytica scandal. IMF Bentham is funding a new representative complaint ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
Superannuation funds called up to the financial services Royal Commission now have less than four weeks to prepare, as the fifth round commences on August 6 in Melbourne. The fourth round of hearings, which focused on agricultural financing and interactions ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
The financial services Royal Commission exposed more boiler room sales tactics of call centre staff selling life insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing ...

Catholic Super backs Modern Slavery Act

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
The $9.3 billion superannuation fund's chief executive backed the anti-slavery bill introduced in the parliament yesterday. Catholic Super chief Frank Pegan said the fund is working on measures to slavery-proof its supply chain. "One tool we are ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the division of the recently scrutinised mutual failed to ensure its authorised financial planners complied with the best interests duty ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
ASIC has acknowledged it was aware prior to the Royal Commission that AMP was allegedly attempting to mislead the regulator. Appearing before the House of Representatives Standing Committee on Economics in Canberra today, senior leaders at ASIC admitted ...