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Search ResultsShowing 1 - 10 of 100+ results for "Federal Court"
Westpac reaches $1.3bn AUSTRAC deal
ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... estimated penalty and additional costs which will include AUSTRAC's legal costs of $3.75 million. AUSTRAC said the Federal Court of Australia will consider the proposed settlement and penalty. If the court determines the proposed penalty is appropriate ...
End of Super Complaints Tribunal nears
ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... unlikely to be finalised by the end of the year. The amendment will allow AFCA to consider matters that are before the Federal Court on appeal from the SCT that are not finalised too. AFCA has been receiving super complaints since 1 November 2018, but ...
State Street cops $1.25m fine from AUSTRAC
KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... to about $1.25 million. AUSTRAC has five main tools for enforcement action: getting civil penalty orders from the Federal Court, referring to the public prosecutor for possible criminal prosecution, enforceable undertakings, infringement notices and ...
SMSF claim over Dreamworld deaths hits snag
ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
... shareholders in the company. Ingram and Tulloch owned shares in Ardent Leisure through their SMSF and filed a claim in the Federal Court seeking access to key documents in relation to the company's handling of the deaths caused by the Thunder River Rapids ...
ASIC reinforces power to obtain documents
ELIZABETH MCARTHUR  |  MONDAY, 14 SEP 2020
... claims for legal professional privilege and an order for Maxi EFX to produce documents. The regulator said both Federal Court decisions support its position on obligations to comply with ASIC Act notices and to clearly substantiate any claims of legal ...
NAB fined over fees for no service
ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
The Federal Court of Australia has fined National Australia Bank $57.5 million over deceptive and misleading conduct. The proceedings commenced in 2018 and were initially brought by ASIC against NAB units NULIS and MLC Nominees for the charging of plan ...
ASIC takes disqualification decision to Federal Court
ALLY SELBY  |  FRIDAY, 11 SEP 2020
... a Queensland-based self-managed super fund auditor, taking the Administrative Appeals Tribunal's decision to the Federal Court of Australia. John Gilliland had his ASIC disqualification quashed by the Administrative Appeals Tribunal on August 5, two ...
ASIC can use RC evidence in RI Advice case
ELIZABETH MCARTHUR  |  WEDNESDAY, 9 SEP 2020
... ASIC's case against RI Advice and one of its former financial advisers, John Doyle, is currently playing out in the Federal Court. The regulator has alleged Doyle failed to act in the best interests of clients, gave "cookie cutter" advice and RI Advice ...
ASIC drags Evans Dixon to court
KANIKA SOOD  |  FRIDAY, 4 SEP 2020
The corporate regulator started Federal Court proceedings against an Evans Dixon subsidiary over advice it provided, pushing down shares over 12% by noon. ASIC is alleging a Dixon Advisory representative failed to look after client's best interest ...
Count Financial faces class action
ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... Australia after contravening its obligations under the Corporations Act. The proceedings filed by Piper Alderman in the Federal Court of Australia relate to commissions paid to Count Financial and its financial advisers from 21 August 2014 to 21 August ...
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