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Showing 1 - 6 of 6 results for "Justice Button"

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 ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... 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 fund failing ...

James Mawhinney launches another appeal

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
... Court determined Mawhinney had a "cavalier attitude to compliance" and was "reckless" in operating his business. Justice Button said unless Mawhinney is restrained "there is an unacceptable risk" that he will re-enter the fray and conduct, most likely ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... determined he had a "cavalier attitude to compliance" and was "reckless" in operating his business. Last Friday, Justice Button handed down the final relief, saying that unless he is restrained "there is an unacceptable risk" that Mawhinney will re-enter ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... 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 Federal Court ordered four companies in the Mayfair ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... and fairly, nor did it fail to take reasonable steps to ensure authorised representatives complied with the law. Justice Button said the regulator's case was "altogether too superficial to be accepted", saying that it "overlooked the detailed web ...
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