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Showing 1 - 10 of 721 results for "Proceedings"

FAAA says super trustees should stump up for CSLR

RIDDHIMA TALWANI  |  THURSDAY, 8 OCT 2026
... relation to Shield and First Guardian is difficult to reconcile with the [Treasury] paper's own test. ASIC has commenced proceedings against every superannuation trustee that made these funds available on its platform," FAAA said. "Trustees' decisions ...

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 ...

ASIC appoints receivers to Star Investment Group

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
... exceptions, while requiring information about their assets and liabilities to be provided to the court. ASIC has said the proceedings are intended to identify, preserve and protect assets that may be available to investors and other affected parties ...

IAG settles $2.8bn lawsuit with Credit Suisse

ELIZA BAVIN  |  FRIDAY, 25 SEP 2026
Insurance Australia Group Limited (IAG) has announced it has agreed to a settlement in the proceedings brought by Credit Suisse against it in the Federal Court, over the collapse of Greensill Capital. IAG said the terms of the settlement are confidential ...

Netwealth to defend First Guardian class action

RIDDHIMA TALWANI  |  FRIDAY, 25 SEP 2026
... $101 million to affected members reflecting the value of each member's net capital invested in First Guardian." The proceedings have been brought on behalf of Natasha Langby, one of the account holders who invested in a First Guardian option through ...

Equity Trustees pushes bidders for better price

RIDDHIMA TALWANI  |  TUESDAY, 22 SEP 2026
... environment, higher operating costs and the evolving risk profile" as reasons to exit the super trustee business. ASIC proceedings into Equity Trustees alleges failures in care, skill and diligence concerning the decision to allow members to invest in ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... monitoring certain First Guardian investment options available through the Netwealth Superannuation Master Fund. No proceedings have yet been filed. Netwealth received the letter from solicitors acting for a proposed representative plaintiff together ...

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
... the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought through on behalf of representative plaintiff Rachelle Dessent and approximately 2800 account holders who ...

Sequoia plots potential restructure

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... after a failed transaction to offload the business to Conquest Investment Management in March. ASIC withdre w legal proceedings against Sequoia after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale. The regulator ...

Pengana-WAM feud over PIA comes to an end

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... to stop a highly contested buyback. The listed investment trust (LIT) announced that the Pengana-led Supreme Court proceedings and application to the Takeovers Panel have now been terminated. Part of the court settlement means PIA board members Wilson ...
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