Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 100+ results for "Federal Court"

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of the AMP Limited group. The conduct is said to ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover and Tidswell in the South Australia Federal Court alleging Tidswell had failed in its duties as the promoter and trustee of MobiSuper. The court ordered Tidswell and ASIC into ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements. Between September 2014 and August 2017, the court found that the companies harmed ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the bank's "prolonged under-investment" in its systems ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
... Hutchison failed to appear at an AAT directions hearing dealing with the review application after remittal from the Federal Court. The AAT dismissed the matter for non-appearance. Between January 2011 and November 2012, ASIC found Hutchison misled or ...

James Mawhinney files appeal

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... in relation to financial products. Mawhinney has retained Roberts Gray Lawyers and has lodged an appeal with the Federal Court of Australia, claiming that he was denied procedural fairness as ASIC took action against Mayfair. "The Federal Court made ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... as CommInsure, as its group insurer until 30 June 2023. AIA's acquisition of CommInsure was approved by the Federal Court on 1 April 2021. A spokesperson for AIA said: "Premiums for death and TPD cover have increased by 6.8%. This is less than the ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
The Federal Court has handed down a $20 million penalty to Forex Capital Trading for engaging in a system of unconscionable conduct, including the use of high-pressure sales tactics, conflicted remuneration and failing to act in the best interests of ...

Global Merces MD cops ASIC ban

KARREN VERGARA  |  MONDAY, 31 MAY 2021
... Appeals Tribunal. On 21 January 2020, ASIC suspended the fund's AFSL for six months and a few weeks later, the Federal Court ordered Global Merces be wound up. Anthony Connelly and Michael Hill, who are partners at advisory firm McGrathNicol, were ...
PREVIOUS
NEXT