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Showing 1 - 10 of 957 results for "Federal Court"

ASX shareholder looks to sue directors, officers over CHESS

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2026
... officers on behalf of the ASX itself. The ASX told the market Rosherville has proposed to bring an action in the Federal Court against the former directors and officers in relation to the CHESS project. "The proposed application is for leave to commence ...

Former Berndale director jailed for $700k in misused funds

VINNY VUCAGO  |  THURSDAY, 6 AUG 2026
... admitting to dishonestly misusing nearly $700,000 of company funds and authorising false statements to ASIC. The Federal Court sentence D'Amore to a total effective sentence of three years and 10 months, with a non-parole period of 23 months,for offences ...

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
... completion cannot occur on terms consistent with those originally contemplated by the parties." On July 30, however, the Federal Court granted ASIC leave to discontinue its proceedings that commenced in April, when the regulator sought the appointment ...

Chiodo in ASIC's crosshairs again

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... another property investment that raised $1.54 million from five SMSF investors. ASIC is seeking orders from the Federal Court to restrain Royce Capital Investments Royce (Australia) Real Estate (RARE), Louie Kortesis and Paul Chiodo from advertising. ...

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
The Federal Court has permanently disqualified former director Larry Dawson from managing corporations after finding he defrauded investors on their self-managed superannuation funds (SMSF) investments. Dawson was pulled out for his role as a sole director ...

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... which was wound up shortly after failing to comply with an AFCA determination that was subsequently escalated to the Federal Court. NextGen's AFSL was active from February 2004 until February 2024. One of the firm's former clients, WJ & V Drakoulis ...

FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... business model before they are onboarded. This is a clear breach of trust." ASIC currently also has cases in the Federal Court against Equity Trustees and Diversa Trustees, both trustees-for-hire, externally licensed companies appointed to act as trustee ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... HSBC Bank Australia admitting to serious failures in protecting customers from scams that cost it $35 million. The Federal Court also recently ordered Westpac to pay a $26 million penalty for widespread failures in responding to customer hardship requests. ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... managed investment schemes for the 2024 financial year and for the first half of FY25. ASIC in an application to the Federal Court was seeking to preserve the assets of the scheme and obtain a clearer picture of the financial position of the firm. Following ...

First Mutual unregistered MIS wound up

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... managed investment scheme (MIS), which allegedly gambled $80 million of investor money, has been wound up by the Federal Court. Justice Button approved ASIC's application to facilitate the orderly administration of any remaining assets and to have ...
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