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Showing 1 - 10 of 13 results for "Federal Court case"

E&P settles class action for $16m

KARREN VERGARA | WEDNESDAY, 15 NOV 2023

... tanking in 2019, losing as much as 34.2% in value. In the year to March 2020, it lost about 76%. ASIC dropped its Federal Court case against DASS, which saw the latter pay $7.2 million in penalties and $1 million in legal costs. DASS went into voluntary ...

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI | WEDNESDAY, 25 JAN 2023

... scheme do work in partnership with us, and this is to the benefit of firms as well as consumers," he said. The Federal Court case highlights there are implications for financial firms that don't engage with AFCA's requirements. On handing down ...

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 ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA | THURSDAY, 25 NOV 2021

... Property Fund (URF) and related products between 2 September 2015 and 31 May 2019. ASIC ultimately dropped its Federal Court case against Evans & Dixon and instead ordered it to pay a $8.2 million penalty, of which $1 million will go to the regulator's ...

E&P Financial Group hit with class action

KARREN VERGARA | THURSDAY, 4 NOV 2021

... the troubled URF and related products between 2 September 2015 and 31 May 2019. Last July, ASIC dropped its Federal Court case against EP1's financial advice arm and instead ordered DASS to pay $7.2 million in penalty and $1 million to cover its ...

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 ...

Rest launches low-cost SRI option

JAMIE WILLIAMSON | TUESDAY, 20 APR 2021

... gas, or lease, mine or process coal and coke are also excluded. Development of the option follows the landmark Federal Court case brought against Rest by its member, Mark McVeigh. After more than two years, the case was dismissed as Rest agreed to all ...

Rest climate case dismissed

ELIZABETH MCARTHUR | MONDAY, 2 NOV 2020

The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed. The case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ...

DomaCom partners with big four bank

HARRISON WORLEY | FRIDAY, 1 FEB 2019

... Naoumidis said. In December the firm announced it had raised about $3 million as it looked to convert its win in a Federal Court case which determined whether or not SMSFs could invest in its fund, even in the case where a related party was a tenant ...

Abetz backed FSC in case against FWC, Federal Court reveals

JAMES FERNYHOUGH | MONDAY, 28 JUL 2014

The Financial Services Council (FSC) had the backing of Employment Minister Eric Abetz in its Federal Court case against the constitution of the Fair Work Commission's superannuation expert panel, it has emerged. On Friday the Federal Court published ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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