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Showing 1 - 10 of 284 results for "Enforceable undertaking"

Netwealth to defend First Guardian class action

RIDDHIMA TALWANI  |  FRIDAY, 25 SEP 2026
... Superannuation Master Fund. "The claim relates to matters previously addressed through Netwealth's court enforceable undertaking with ASIC and the compensation program completed in January 2026," Netwealth said. "Netwealth paid compensation of approximately ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... court documents. "The proposed claims relate to matters previously addressed through Netwealth's court-enforceable undertaking with ASIC and the compensation program completed in January 2026," Netwealth said. Last week, Gordan Legal commenced a class ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... to the First Guardian Master Fund. ASIC commenced proceedings against Netwealth after accepting a court enforceable undertaking requiring it to compensate affected members 100% of the amounts they invested in First Guardian, less any amounts withdrawn. ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... investors had their $321 million invested capital in Shield returned after Macquarie entered into a court enforceable undertaking with ASIC.

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... member outcomes." This is the fifth platform trustee that APRA has taken enforcement action against. In one enforceable undertaking, Netwealth agreed it has material weaknesses in its investment governance framework and practices.

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... Statement of Agreed Facts and Admissions filed by ASIC and Macquarie. It follows Macquarie entering a court enforceable undertaking with ASIC in September last year and agreeing to reimburse more than 3000 super members who had been invested in Shield. ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
In the six months from 1 July 2025 to 31 December 2025, the corporate watchdog received 9686 reports of misconduct (ROMs), raising 13,036 issues, new data from ASIC shows. ASIC said the increase in ROMs was driven largely by corporate governance concerns ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
... and their $1 billion in retirement savings, according to ASIC. In December 2025, APRA accepted a court enforceable undertaking from Netwealth and imposed licence conditions on Diversa Trustees and Equity Trustees to address investment governance-related ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... was frozen in May 2024 some $100.6 million remained invested. The platform provider has entered a court enforceable undertaking with ASIC to ensure all impacted members see their capital, less withdrawals, reimbursed by 30 January 2026. Netwealth said ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... terrorism financing risks associated with correspondent banking relationships. Westpac entered a court enforceable undertaking (CEU) with APRA in December 2020 where it committed to remediating specific prudential weaknesses identified in its culture ...
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