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

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... million between January 2013 and September 2016. Westpac won the original case in December 2018, with the Federal Court ruling that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act when ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
Australia's superannuation sector in trying to digest the Productivity Commission's 700-page report with its 31 recommendations need to keep in mind the massive structural problems it is trying to fix. The fundamental problem that has perplexed ...

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
A Federal Court ruling on a potential breach of the Sole Purpose Test has been termed a "milestone" for the SMSF industry, however there are still hurdles to clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation ...

Market to open higher

AAP  |  FRIDAY, 31 JUL 2015
... release quarterly production results while Resmed is slated to release full year results. Meanwhile, the Federal court ruling on whether banks should disclose the level of carbon emissions they finance is expected. In Australia, the market on Thursday ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
... underperforming bank-owned super funds," Whiteley said. The review process was put on hold in June following a Federal Court ruling that the FWC expert panel was incorrectly constituted. The FWC is currently waiting for Employment Minister Eric Ebetz ...

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
... Poor's, ABN AMRO (now RBS) and Local Government Financial Services (LGFS) will not be allowed to appeal a Federal Court ruling in favour of 12 local councils who suffered losses on investments they administered in the wake of the financial crisis. The ...

S&P denied appeal over landmark ruling

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
Ratings agency S&P has been denied leave to appeal a Federal Court ruling in favour of 91 council, charities and church groups which lost at least $180 million when AAA-rated investments went sour in the wake of the global financial crisis. The judgement ...

Market Wrap - Midday

AAP  |  TUESDAY, 26 JUL 2011
... added 19 cents to $21.45. The big miners were in good shape, too, with BHP up 40 cents at $43.46, despite the federal court ruling that a non-union collective agreement covering workers in its Pilbara operations was invalid. Rio Tinto was up 69 cents ...

Rivkin contender puts forward names

... stakeholders have offered a mix of board members from each of the three groups. Network was buoyed today by the Federal Court ruling they did not have to pay costs in a recent court action in which it was alleged that Sofcom, Fast Scout and Altera Capital ...
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