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Showing 1 - 10 of 203 results for "Sarah Court"

Fortnum pays $1.35m to settle ASIC lawsuit

MATTHEW WAI  |  TUESDAY, 13 OCT 2026
... appropriate cyber controls over the period 2021-2022 and will vigorously defend our position." Meanwhile, ASIC chair Sarah Court said the outcome reinforced that AFSL holders must properly manage and protect against cybersecurity risk. "Today's outcome ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
... and Financial Services Group Australia, which recommended investments in Shield, Fist Guardian or both. ASIC chair Sarah Court said the alleged conduct struct at protections intended to ensure advice is not influenced by financial incentives. "Conflicted ...

Developer jailed after $2.2m investment scam

VINNY VUCAGO  |  WEDNESDAY, 30 SEP 2026
... attracted 190 investors, including people who used their self-managed superannuation fund savings to invest. ASIC chair Sarah Court said investors had entrusted Chester with millions of dollars for property development, but substantial amounts were diverted ...

ASIC sets FY27 priorities straight

VINNY VUCAGO  |  WEDNESDAY, 30 SEP 2026
... regulatory processes easier to navigate while maintaining the quality and integrity of regulatory outcomes," ASIC chair Sarah Court said. For superannuation, ASIC will continue its multi-year review of member services while commencing new work examining ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
... and failure to provide books and records on company activities and property to registered liquidators. ASIC chair Sarah Court said: "The data ASIC receives provides critical insights into the trending issues facing consumers and businesses, helping to ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... the risk of the managed investment scheme and did not inform members of the potential illiquidity of it. ASIC chair Sarah Court said the case represents the important role platform trustees play and shouldn't be overlooked. It also follows APRA commencing ...

Former director jailed for misuse of $1.75m

VINNY VUCAGO  |  TUESDAY, 11 AUG 2026
... including its clients. ASIC said liquidators considered the company likely became insolvent around July 2016. ASIC chair Sarah Court said directors were required to act in the best interests of their companies and that Siddiqui had abused that responsibility. ...

ASIC ramps up enforcement action

VINNY VUCAGO  |  MONDAY, 10 AUG 2026
... highest level in five years, while director disqualifications rose sharply from the previous financial year. ASIC chair Sarah Court said administrative powers allowed the regulator to intervene quickly to prevent further harm. "These administrative powers ...

Former Berndale director jailed for $700k in misused funds

VINNY VUCAGO  |  THURSDAY, 6 AUG 2026
... overseas accounts and funds referenced in those documents either did not exist or were martially inaccurate. ASIC chair Sarah Court said the former director had abused his position to benefit personally while concealing the firm's true financial position. ...

ASIC sues First Guardian-linked auditors

KARREN VERGARA  |  FRIDAY, 31 JUL 2026
... occurred before the collapse of the First Guardian Master Fund, with a devastating impact on investors," ASIC chair Sarah Court said." "Just six months after Auditeo issued unqualified audit reports in relation to First Guardian, liquidators were appointed. ...
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