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Showing 81 - 90 of 659 results for "Penalty"

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... short selling. At the time, illegal short-sale activities were punishable with minor fines. "To strengthen punishment, penalty surcharges will be imposed up to the amount of short orders as well as criminal penalties of a minimum one year of imprisonment ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... lowest paid people in the country continue to be shortchanged with the Low Income Super Tax Offset (LISTO), paying a tax penalty that high income earners are not paying on their Superannuation Guarantee contributions. Realigning the LISTO is a key fairness ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts ...

Global X launches defence technology ETF

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
... significant holdings are Lockheed Martin and RTX (formerly Raytheon), the latter of which agreed to pay a $200 million civil penalty in August for the unauthorised exportation of sensitive defence articles. As reported by Financial Standard, Betashares ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... breached continuous disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify the ASX that $791 million of the $2.5 billion of the shares ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... Vanguard will pay a $12.9 million fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... to take full accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining the size of the penalty. ASIC chair Joe Longo said: "The record penalty imposed by the MDP reflects the serious, prolonged, and potential systemic ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... force him to pay a fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty on Daly and banned him from managing corporations for five years for breaching directorship obligations. Justice Jackman affirmed ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... did not admit to any liability but agreed to a censure, to cease and desist from further violations, and pay the civil penalty of US$70 million and prejudgment interest of US$9.8 million. MIMBT also agreed to undertakings, such as retaining a compliance ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... contribute to the fund under workplace agreements or enterprise bargaining deals. The corporate regulator initiated civil penalty proceedings against Rest in March 2021, claiming that from March 2015 to May 2018 the super fund made representations that ...