Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 682 results for "Proceedings"

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... returned money to them, and we have made progress in that. We would absolutely like to do more." ASIC currently has 14 proceedings in the Federal Court against 26 defendants relating to these issues. This includes recent action against Equity Trustees ...

ASX sees trade volumes soar in May

MATTHEW WAI  |  THURSDAY, 4 JUN 2026
... million from technology costs and new product development. At the same time, ASX provided an update on ASIC's legal proceedings which kicked off in August 2024 in relation to representations made regarding the previous CHESS replacement project in ...

ASIC cannot afford to stand still: Longo

VINNY VUCAGO  |  MONDAY, 1 JUN 2026
... still awaiting court approval. Highlighting major enforcement actions, he cited penalties against ANZ, Westpac and proceedings involving AustralianSuper, Cbus and the ASX as evidence of ASIC's willingness to pursue large institutions and systematic misconduct. ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... them to advisers and their clients. Adding more to its troubles, ASIC announced last wee k it commenced civil penalty proceedings against ETSL, alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... Financial Complaints Authority (AFCA) is pausing all InterPrac Financial Planning-related determinations as court proceedings instigated by the latter are underway. For people affected, the pause in determinations mean their complaints against InterPrac ...

Sequoia Financial chair resigns

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... termination of the agreement. "On 7 May 2026 the Federal Court adjourned the case management hearing regarding the ASIC proceedings to allow the parties an opportunity to confer regarding the status of the Agreement, due to the purchaser disputing the ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... shows InterPrac adding Melinda Kee, a former investor in First Guardian, as a defendant in the case related to its proceedings against AFCA, claiming the complaints body treated it unfairly. Kee was contacted by lead generator Aus Super Compare or AusCompare ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... amends the Bankruptcy Act 1966, so compensation debts linked to child sexual abuse convictions survive bankruptcy proceedings. The reforms apply not only to future compensation orders but also historical unpaid orders that remain legally enforceable. ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... termination of the agreement. "On 7 May 2026 the Federal Court adjourned the case management hearing regarding the ASIC proceedings to allow the parties an opportunity to confer regarding the status of the Agreement, due to the purchaser disputing the ...
PREVIOUS
NEXT