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Showing 1 - 10 of 33 results for "Federal Court for"

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... in March it would offload InterPrac for $50,000 to Conquest. Following the announcement, ASIC applied to the Federal Court for KPMG to investigate the proposed sale. ASIC expressed concerns the sale could adversely affect InterPrac's creditors, including ...

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... little-known Conquest Investment Partners for $50,000 in late March. The regulator jumped on this, applying to the Federal Court for KPMG to investigate the proposed sale. ASIC expressed concerns the sale could adversely affect InterPrac's creditors ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... questionable due diligence by giving a "favourable" rating to Shield. Macquarie was most recently admonished by the Federal Court for failing to put Shield on a watchlist. "You should have processes in place that allow you to identify practices that ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI  |  FRIDAY, 10 OCT 2025
... Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. In 2019, the Federal Court found Linchpin operated a fund unlawfully and without an AFSL. At one ...

Funeral insurer fined $4.75m

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... earlier decision in relation to the two entities handed down on 29 February 2024. The matter was remitted to the Federal Court for a decision on the appropriate penalty, ASIC said. ASIC is not to enforce either penalty without leave of the court because ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... which was overturned on 15 September 2022 following Mawhinney's appeal. The matter was remitted back to the Federal Court for another hearing, which was heard before Justice Button between October 2024 and February 2025. On 22 December 2021, the ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... CHESS batch settlement failure and fold it into the broader Inquiry. ASIC is currently suing the ASX in the Federal Court for allegedly making misleading statements related to its CHESS replacement project. "While this inquiry is underway, it is critical ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
ASIC has taken Choosi to the Federal Court for allegedly failing to provide a range of comparable options on life and funeral insurance policies to customers and instead flogging products solely from Hannover Life Re. From at least 1 July 2019 and to ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims it made about ESG screens applied to its ...
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