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Showing 1 - 10 of 407 results for "Justice"

Former adviser charged further on dishonest conduct

RIDDHIMA TALWANI  |  MONDAY, 14 SEP 2026
... period of 11 December 2018 and 9 September 2025. Further, it is alleged Cuthbertson attempted to pervert the course of justice by communicating with and sending draft affidavits to two prosecution witnesses. The maximum penalty for each offence contrary ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... cut off Plant, saying: "You're going to say that sentence in all honesty, why then are you fighting so hard against justice for the victims of First Guardian and providing them, returning them their money?" "If you want people to trust you, money ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... linked to InterPrac Financial Planning, who collectively lost $465,000, have won a small victory in the Federal Court. Justice Beach on August 13 ordered InterPrac to pay the sums, which were calculated based on determinations set by the Australian Financial ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... the timely payment of compensation to affected members, the regulator said. Based on documents supplied by the parties, Justice McEvoy declared that Netwealth "failed to obtain and assess sufficient information about First Guardian," The judge also noted ...

Former Berndale director jailed for $700k in misused funds

VINNY VUCAGO  |  THURSDAY, 6 AUG 2026
... Australia's financial system," adding ASIC would continue pursuing those responsibilities for similar misconduct. In sentencing, Justice Abraham said offences of this kind damaged confidence in Australia's financial markets and corporate regulatory framework. ...

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
... funds, failing to have any oversight of the activities undertaken by the company and personally benefiting to some extent. Justice McElwaine found that overseas-based fraudsters could not have inflicted harm on investors without Dawson breaching his ...

First Mutual unregistered MIS wound up

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... investment scheme (MIS), which allegedly gambled $80 million of investor money, has been wound up by the Federal Court. Justice Button approved ASIC's application to facilitate the orderly administration of any remaining assets and to have any available ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... financial adviser Ferras Merhi is now free to travel as the Federal Court lifted travel restraint orders imposed one year ago. Justice Moshinski lifted the Merhi's travel ban on July 9. The order stated the travel restraint handed down one year ago be ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... Secondly, Mercer Super failed to report seven reportable investigations to ASIC at all and reported the eighth matter late. Justice Button said the incidents "had the potential to have a detrimental effect on members." The matters included the super ...

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... Derrington said. "Appeals by way of rehearing are not de novo proceedings. Rather, they are for the correction of error." Justice Derrington acknowledged that raising new grounds on appeal can sometimes be appropriate but held that where a party deliberately ...
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