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Showing 1 - 10 of 688 results for "Penalty"

ASIC takes action on Falcon Capital directors

KARREN VERGARA  |  MONDAY, 2 NOV 2026
... failed First Guardian Master Fund, alleging "serious and widespread failures" in their oversight. ASIC commenced civil penalty proceedings in the Federal Court against Falcon Capital's former managing director and chief executive David Anderson, and ...

Fortnum pays $1.35m to settle ASIC lawsuit

MATTHEW WAI  |  TUESDAY, 13 OCT 2026
Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023. Fortnum self-reported the matter to ASIC and ...

Former Western AM investment chief to receive final judgement

MATTHEW WAI  |  MONDAY, 12 OCT 2026
... allegations, but consented to a final judgement, subject to court approval, that would order him to pay a $4.3 million (US$3m) penalty, impose an officer-and-director bar and permanently enjoin him from violating antifraud provisions of federal securities ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
ASIC has launched civil penalty proceedings against former financial adviser Osama Saad, alleging he participated in schemes designed to avoid conflicted remuneration laws and provided unsuitable advice that directed hundreds of clients' superannuation ...

Former Big Un chief escapes prison time for insider trading

MATTHEW WAI  |  MONDAY, 28 SEP 2026
... Communicating inside information is an offence under section 1043A(2) of the Corporations Act 2001 and carries the maximum penalty of 10 years' imprisonment and/or a fine of 4500 penalty units at the time of the offending. Additionally, if the court ...

Former BW Equities employee charged for misappropriating funds

MATTHEW WAI  |  FRIDAY, 25 SEP 2026
... committal mention on 17 December 2026. It is being prosecuted by the Commonwealth Director of Public Prosecutions. The maximum penalty for each offence of dishonest use of position as a director, officer or employee (s184 of the Corporations Act 2001) ...

Former adviser charged further on dishonest conduct

RIDDHIMA TALWANI  |  MONDAY, 14 SEP 2026
... pervert the course of justice by communicating with and sending draft affidavits to two prosecution witnesses. The maximum penalty for each offence contrary to section 1041E of the Corporations Act is 10 years' imprisonment for conduct which occurred ...

New law tightens foreign resident CGT rules on Australian property assets

KARREN VERGARA  |  FRIDAY, 11 SEP 2026
... penalties for unregistered tax preparers, new civil penalties for breaches of the Code of Professional Conduct, and increased penalty amounts, as well as new powers for the Tax Practitioners Board. "This is about strengthening the tax system overall ...

Labor moves to kill non-compete clauses in productivity push

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
... adverse effects that these terms can have on wages, competition and innovation," Treasury said. Under the new laws, a civil penalty will apply on employers who enter in a contract that prohibit post-employment restraint of trade. The government is also ...

Bathla collapse rattles private credit

RIDDHIMA TALWANI  |  WEDNESDAY, 26 AUG 2026
... Capital will continue to make monthly distributions and expects full recovery of the outstanding principal, interest and penalty interest. "The trust is in a strong financial position, with all remaining loans not associated with this borrower in full ...
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