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Showing 1 - 10 of 577 results for "Penalty"

Global X launches defence technology ETF

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
... significant holdings are Lockheed Martin and RTX (formerly Raytheon), the latter of which agreed to pay a $200 million civil penalty in August for the unauthorised exportation of sensitive defence articles. As reported by Financial Standard, Betashares ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... breached continuous disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify the ASX that $791 million of the $2.5 billion of the shares ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... Vanguard will pay a $12.9 million fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... to take full accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining the size of the penalty. ASIC chair Joe Longo said: "The record penalty imposed by the MDP reflects the serious, prolonged, and potential systemic ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... force him to pay a fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty on Daly and banned him from managing corporations for five years for breaching directorship obligations. Justice Jackman affirmed ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... did not admit to any liability but agreed to a censure, to cease and desist from further violations, and pay the civil penalty of US$70 million and prejudgment interest of US$9.8 million. MIMBT also agreed to undertakings, such as retaining a compliance ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... contribute to the fund under workplace agreements or enterprise bargaining deals. The corporate regulator initiated civil penalty proceedings against Rest in March 2021, claiming that from March 2015 to May 2018 the super fund made representations that ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... daily until payment is made and will also apply to any outstanding administrative levies not paid An SG charge payment penalty, which will be an additional penalty applied to employers who have been assessed for the SG charge and do not pay in full within ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... financial advice that breached the best interests duty under the Corporations Act. ASIC ultimately settled for a $7.2 million penalty and $1 million to cover its legal costs. The amounts have yet to be paid. FAAA chair David Sharpe said on LinkedIn ...

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
... order imposed by ASIC in the year prior. The matter has been listed for a sentence hearing on November 1. The maximum penalty for each charge is 10 years' imprisonment.
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