Search ResultsShowing 1 - 10 of 21 results for "AET"
IOOF expects to reappeal timber case
KANIKA SOOD  |  MONDAY, 30 SEP 2019
... they eventually copped losses. One of the convenantholders, David Kerr backed by litigation funder IMF Bentham demanded that AET pay compensation of over $82 million on behalf of the investors. On Thursday, the Supreme Court of New South Wales said he ...
Former IOOF company loses court battle in timber scheme
KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... pay about $80 million after yesterday's court judgement on its conduct as the trustee to a forestry investment scheme. AET was appointed as the trustee of the S.E.A.S Sapfor Forests Pty Ltd in 1965. The scheme was to invest in timber on behalf of ...
Federal Court delivers APRA, IOOF verdict
JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
... Gary Riordan. APRA was seeking significant changes to the identification and management of conflicts of interest by IIML, AET and IOOF. According to APRA, the action is based on concerns it raised in 2015 relating to IOOF and its entities' organisational ...
IOOF names new chief executive
HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... announced Andrew Bloore would take a seat at the board. Bloore already sits on the board of three IOOF subsidiaries; IIML, AET and IOOF, and according to the firm has played an "integral role" in ensuring the firms met their applicable APRA licence c ...
APRA flexes new muscles
HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
... show cause notices in April for their failure, IOOF Investment Management Limited (IIML) and Australian Executor Trustees (AET) have now been ordered by APRA to set up the OST by 30 June, or risk facing a financial penalty under the SIS Act. Today, the ...
IOOF breaches APRA licence conditions
HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... issued IOOF's three APRA regulated entities - IOOF Investment Management Limited (IIML), Australian Executor Trustees (AET) and IOOF - with show cause notices, having formed the "preliminary view" the entities have breached their licence conditions. ...
IOOF appoints independent reviewer
DARREN SNYDER  |  TUESDAY, 1 JAN 2019
... three APRA regulated entity subsidiaries (AREs) including IOOF Investment Management (IIML), Australian Executor Trustees (AET) and IOOF Ltd. IOOF said these subsidiaries have already moved their boards to a majority of independent directors and an independent ...
APRA takes action against IOOF
HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... director Chris Kelaher and chair George Venardos. IOOF Investment Management Limited (IIML), Australian Executor Trustees (AET) and IOOF have 14 days to respond to a show cause notice issued by APRA. It declares the regulator intends to direct IOOF Investment ...
Sargon grows executive lineup, launches fintech solutions
JAMIE WILLIAMSON  |  TUESDAY, 2 OCT 2018
... Sargon subsidiary, Trustee Partners. The new appointments will support the organisation's ongoing growth. In addition to AET, Sargon also acquired Decimal last month and Madison Financial Group in April. They will also assist with the launch and success ...
IOOF offloads corporate trust business
KANIKA SOOD  |  THURSDAY, 13 SEP 2018
IOOF has sold its Australian Executor Trustees (AET) corporate trust business while retaining the AET private trust business, as it moves further in the direction of being an advice-led organisation. The buyer is financial services technology and infrastructure ...
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