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

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... claims made in marketing materials about investing in residential property. The SMSF administrator was found by the Federal Court to have distributed a brochure that featured false and misleading representations about the benefits of investing in residential ...

Blackstone one step closer on Crown deal

ANDREW MCKEAN  |  FRIDAY, 10 JUN 2022
... Blackstone takeover scheme is now dependent on regulatory approval in Western Australia and following this a final Federal Court hearing. Authority chairperson Philip Crawford said Blackstone had been subject to an extensive probity assessment that examined ...

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
The corporate regulator obtained interim orders from the Federal Court to freeze the assets of Sasha Hopkins and two of his companies, alleging he was misleading clients and running a financial service business without a licence. ASIC alleges that Hopkins ...

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... after suspecting it was operating without a licence and falsified financial records. ASIC made an application to the Federal Court in March to wind up Ascent and for the appointment of provisional liquidators after action was taken against Ascent director ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
ANZ has acknowledged the civil penalty proceedings launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ...

ASIC outlines cybersecurity expectations

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
Following on from RI Advice's Federal Court loss, the corporate regulator has laid out its expectations of licensees when it comes to cybersecurity. Just last week, in what was an Australian-first, the Federal Court found RI Advice failed its obligations ...

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
The Federal Court has found RI Advice breached its obligations as a licensee by failing to have adequate systems in place to manage cybersecurity risks, leading to several incidents that put client information at risk. In what ASIC says is an Australian ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

Mayfair sues Mission Beach lender

ELIZABETH MCARTHUR  |  THURSDAY, 14 APR 2022
... Mawhinney's 20-year ban from fundraising and promoting investment products was announced in April 2021. The Federal Court chose to restrain Mawhinney from promoting and raising funds through financial products for 20 years after Justice Anderson ...

ASIC imposes travel restraint orders against ex-director

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... permitting international travel. McCabe's trustee in the bankruptcy deliver his passport to the Sydney Registry of the Federal Court. ASIC stated that their investigation into McCabe is ongoing. The matter is listed for hearing on 26 April 2022.
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