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Showing 81 - 90 of 2243 results for "Court"

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... currency was a deferred debt, and therefore the "margin extension" should be classified as a credit facility. The Federal Court determined that the obligation to repay a digital asset wasn't an obligation to repay money and was therefore not a deferred ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... commenced around 170 new investigations - an increase of around 25% - and filed 33 new civil proceedings in the Federal Court - an increase of 27%. "Our investigations have led to 18 criminal convictions and seen a further 23 individuals charged by the ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... for doctoring documents. He served under Libertas' licence between 2016 and 2018 and was subsequently charged by the court with a three-year correctional order, including home detention. CSLR chief executive David Berry recently warned AFSLs and ...

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
... resulted in losses of $256 million. Each day, an average of 20 scam websites are removed, ASIC said. ASIC deputy chair Sarah Court said that despite the organisation's best efforts to eradicate the risk, scammers still pull billions of dollars from "hard-working" ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... bragging about his power to secure lucrative contracts tied to Cbus. Although these allegations have yet to be proven through a court or tribunal process, the Labor Party's governing body last month moved to indefinitely expel the CFMEU construction ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... "substantiated cases of family violence." "Clear and robust evidence standards, judged by an independent body such as a court, would ensure procedural fairness and due process," they said. ASFA chief executive Mary Delahunty said the super sector is ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Authority if they have concerns about the advice they received. Last June, ASIC obtained interim orders from the Federal Court to freeze the assets of UGC and the Global Capital Property Fund. The court's orders restricted these entities from transferring ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... on remediation and compliance with the directions and conditions. In 2021, following more investigations, APRA accepted a court enforceable undertaking (CEU) from N.M. Super, pledging to rectify governance and risk management deficiencies, covering specific ...