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Showing 901 - 910 of 3078 results for "Corporation"

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
ASIC has commenced proceedings in the Federal Court against RI Advice for failing to have adequate cyber security systems. ASIC said its action is in response to a number of alleged cyber security breaches through authorised representatives of RI Advice. ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
The Federal Court has made orders to wind up an investment group which swindled 270 investors of more than $10 million in an illegal unregistered land banking scheme. ASIC will wind up Askk Investment Group following an extensive investigation. The ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
... Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary administrators last Friday to Spitfire Corporation and operating subsidiaries (Spitfire Asset Management, Spitfire Operations, Spitfire Machines). They are also acting as ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 million, down ...

CEFC makes first foray into industrial investments

ALLY SELBY  |  THURSDAY, 13 AUG 2020
The Clean Energy Finance Corporation has made its first foray into the industrial property sector, investing $50 million in one of Australia's largest industrial and logistics funds. Charter Hall's $5.5 billion Prime Industrial Fund has nabbed the government ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...

BGH Capital closes in on theme park deal

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
... Roadshow announced yesterday that it secured $70 million of funding from its existing lenders and the Queensland Treasury Corporation, $43 million of this needs to be repaid within 12 months with the remaining balance due in five-years. As part of the ...

OneVue to take Taiping to court

KANIKA SOOD  |  THURSDAY, 6 AUG 2020
... January and then liquidation. OneVue this morning also updated on sale of Sargon operating businesses to now, Certes Corporation. The court mediation is scheduled for August 19 and parties making a claim have to file and file their reply evidence by ...

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
Pershing Securities Australia has become the first company in Australia to be criminally prosecuted over breaching client money obligations. The BNY Mellon subsidiary pleaded guilty in Sydney's Downing Centre Local Court and was ordered to pay a $40,000 ...

First Sentier bolsters board of directors

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... board. Following the sale of the business from the Commonwealth Bank to Japanese bank Mitsubishi UFJ Trust and Banking Corporation, First Sentier Investors (formerly Colonial First State Global Asset Management) now operates as a standalone investment ...