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Showing 1 - 10 of 18 results for "Investments Commission Act"

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... ASX acknowledged it contravened sections 12DA and 12DB(1)(a) and (e) of the Australian Securities and Investments Commission Act 2001 (Cth). As a result, both parties will ask the court to impose a penalty of $20.5 million, and order ASX to pay $3 million ...

Digital assets framework bill passes, paves the way for consumer confidence

MATTHEW WAI  |  THURSDAY, 2 APR 2026
... Assets Framework) Bill 2025, which amends the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, passed the Senate on Wednesday. It requires digital asset platforms (DAPs) and tokenised custody platforms (TCPs) to ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... companies." If the court finds that Choosi contravened ss 12DB and 12DF of the Australian Securities and Investments Commission Act 2001, it could pay $16.5 million for a single contravention.

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... said. ASIC also alleged that the term was an unfair contract term under the Australian Securities and Investments Commission Act 2001, however Justice Jackman dismissed that part of ASIC's case. ASIC said it will consider this decision. Despite that ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... not have the state of mind required to conduct an investigation under the Australian Securities and Investments Commission Act 2001 (ASIC Act). Justice Rofe found that the firm's argument was "illogical and therefore that Provide Capital's application ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... alleged that ANZ's credit card contracts were unfair and contravened the Australian Securities and Investments Commission Act by charging interest between July 2010 and January 2019 on credit card purchases that should have been interest free. The class ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... information during a compulsory examination, hence breaching section 64(1) of the Australian Securities and Investments Commission Act 2001 (Cth). ASIC referred the matter to the Commonwealth Director of Public Prosecutions. If found guilty, he could ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... relation to proceedings against ME Bank for alleged contraventions of the Australian Securities and Investments Commission Act 2001 (Cth) and National Credit Code. The alleged contraventions concern home loan customer communications over a two year period ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
... CCIVs and their operational and regulatory requirements. Amendments to the Australian Securities and Investments Commission Act 2001 and the Personal Property Securities Act 2009 are also up for consultation. Finally, the tax legislation proposed is ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... Corporations Act 2001, the National Consumer Credit Protection Act 2009 and the Australian Securities and Investments Commission Act 2001, including breaches of the best interests duty and unlicensed conduct. As such, ASIC sought injunctive relief as ...
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