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Showing 1 - 10 of 122 results for "Sarah Court"

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
APRA deputy chair Margaret Cole and ASIC deputy chair Sarah Court have sent a letter to superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... particularly where they are advised to set up self-managed superannuation funds to make the investment," ASIC deputy chair Sarah Court said. "Mr Hopkins and the A Team Property Group failed to hold a financial services licence and operated 11 unregistered ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... the corporate regulator heightened its focused on the superannuation sector throughout the year, ASIC deputy chair Sarah Court forewarned this will only intensify in 2025. For one, ASIC will add a new priority in 2025 which it describes broadly as "misconduct ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... and made other misleading claims, including that it had only learned of the issues in July 2023. ASIC deputy chair Sarah Court said delays in claims processing cause real harm to families who may be relying on the payments to meet critical expenses. ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... Appearing before the Economics Legislation Committee today, chair Joe Longo - who appeared alongside deputy chair Sarah Court, commissioners Alan Kirkland and Simone Constant and others - was asked whether he has ever received flight upgrades from Qantas ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... as security, ASIC said - when they defaulted on the loans, Oak Capital repossessed their homes. ASIC deputy chair Sarah Court said: "As a result of loans being treated as unregulated, we allege Oak Capital deprived its clients of important consumer protections ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... preclude HCF Life from relying upon the Pre-Existing Condition Terms in particular circumstances". ASIC deputy chair Sarah Court said consumers should rightly expect insurers will provide accurate information to them about their rights. "Consumers rely ...

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

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... and marketing information in helping consumers to make informed investment decisions." Meantime, ASIC deputy chair Sarah Court said it is essential that companies do not misrepresent their products or investment strategies. "This is an important decision ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... decisions, and one cannot infer any misapplication of principle from that outcome," Justice Jackman said. ASIC deputy chair Sarah Court said the outcome should act as a reminder to directors of Responsible Entities that operate managed investment schemes ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... judgment but hasn't indicated that it will, only that it will consider the judgement carefully. ASIC deputy chair Sarah Court said that superannuation portability and choice of super fund are important member rights. "ASIC brought this action to ...
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