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Showing 1 - 10 of 74 results for "Court of Victoria"

Former adviser jailed over $2m SMSF investment scheme

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... financial services business and dealing with proceeds of crime tied to $1.97 million in investor funds. The County Court of Victoria sentenced the Hoppers Crossing-based former adviser on May 8, with Arandez to be eligible for parole after serving three ...

AMP to pay $29m to settle class action

RIDDHIMA TALWANI  |  THURSDAY, 11 DEC 2025
... to an estimated 100,000 clients. The AMP commissions and insurance class action was commenced in the Federal Court of Victoria against AMP Financial Planning (AMPFP), Charter Financial Planning (Charter), Hillross Financial Services (Hillross), AMP and ...

ASIC permanently bans jailed adviser

MATTHEW WAI  |  FRIDAY, 26 SEP 2025
... be invested in bonds, shares, and term deposits. On 16 April 2025, Del Vecchio pleaded guilty in the County Court of Victoria to 24 charges of obtaining financial advantage by deception. He was sentenced to serve seven and a half years in prison with ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... of his two unlicensed financial services businesses. On 27 June 2024, Beresford pleaded guilty in the County Court of Victoria to false document and proceeds of crime offences and was sentenced to 85 days imprisonment and a 30-month Community Corrections ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... investors with excessive insurance fees. Shine Lawyers confirmed the class action has been filed in the Federal Court of Victoria on behalf of hundreds of thousands of Australians who it alleges were charged excessive insurance premiums within AMP superannuation ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
... class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary Limited (N.M. Super) and has also been commenced against AMP Superannuation ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... action alleged the delay impacted about $6.8 billion in accrued default amounts. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... months' imprisonment on 5 September 2024. On October 3 in the same year, he sought leave to appeal in the Supreme Court of Victoria against the conviction and sentence, claiming there was a "miscarriage of justice and the sentence was manifestly excessive". ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... commissions to financial advisers that would have been banned in a MySuper option. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
Former Melbourne financial adviser Bradley Grimm has been convicted by the County Court of Victoria on three counts of engaging in dishonest conduct while running a financial services business. Grimm was sentenced to 18 months' imprisonment, with ...
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