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Showing 1 - 10 of 802 results for "Judge"

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
HSBC Bank Australia has been hit with a $35 million penalty after admitting to widespread and systemic failures in protecting customers from scams. Following a Federal Court hearing in Melbourne on June 18, Justice Bennett handed down the penalty and ...

Block Earner found to have offered an unlicensed financial product

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
ASIC has successfully appealed a ruling against Block Earner in relation to its fixed-yield digital asset-related product (Earner), which was previously not deemed a financial product. The High Court of Australia has unanimously found that Earner was ...

RBA on hold, rate cuts expected

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2026
The Reserve Bank of Australia (RBA) kept interest rates on hold at 4.35% at its June meeting, in line with market expectations. "Following the three increases in the cash rate target since the beginning of the year, financial conditions are now tighter ...

U Ethical appoints distribution lead

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
U Ethical Investors has appointed veteran funds management executive Stuart James as head of distribution, as the firm continues to build out its leadership team and pursue its next phase of growth. James joins U Ethical's leadership team with responsibilities ...

Former Brite Advisors responsible manager banned

VINNY VUCAGO  |  WEDNESDAY, 10 JUN 2026
The Australian Securities and Investments Commission (ASIC) has permanently banned former Brite Advisors responsible manager Gerard Duffy from providing financial services after determining it had reason to believe he was not a fit and proper person. ...

Dexus executives step down over leaked airport data case

RIDDHIMA TALWANI  |  TUESDAY, 9 JUN 2026
... "non-selling shareholders" who didn't participate in the data leaks, it should be treated differently. However, the judge dismissed this claim, ruling that each investor group is run by a single manager who acts as the sole point of contact. Dexus ...

Dexus forced to sell stake in airports

KARREN VERGARA  |  MONDAY, 1 JUN 2026
Dexus has been ordered to sell its stake in major airports following a court order, underscoring a win for the IFM Investors-backed lawsuit. Last week, the NSW Supreme Court ruled Dexus must commence the "compulsory process to offer for sale the shares ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... files, and debts to be sold to third-party debt purchasers who then engaged actively in conduct to pursue those debts," the judge said. "These circumstances add an additional layer of harm, and significance, to Westpac's conduct." Furthermore, Justice ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... ordered to pay to the Commonwealth the amount of $309,571.84. The court allowed the appeal on the grounds the sentencing judge erred in finding that Forrest's false denials when initially interviewed by ASIC affected the assessment of the objective seriousness ...

ASIC flags disclosure flaws in first wave of mandatory climate reports

VINNY VUCAGO  |  MONDAY, 18 MAY 2026
The Australian Securities and Investment Commission (ASIC) has raised concerns over the use of misleading disclaimers, inconsistent climate risk disclosures and unclear reporting assumptions in the first round of mandatory sustainability reports lodged ...
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