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Showing 1 - 10 of 13 results for "Sarah Court"

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... has filed multiple proceedings against one entity at the same time. Announcing the filings today, ASIC deputy chair Sarah Court said these were exceptional circumstances. "ASIC had numerous Westpac-related matters under investigation through the course ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... when this was not allowed. ASIC also alleges that some of the documents provided were fraudulent. ASIC deputy chair Sarah Court said that ASIC is concerned that as a result of this conduct, some loans may have been granted by ANZ based on false information ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... community work. Apogee revoked Saad's authority in October 2017 and reported his conduct to ASIC. ASIC deputy chair Sarah Court said: "The sentence imposed demonstrates the seriousness of this misconduct." "Facilitating the unlawful early release ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... case against CBA after it was clear customers had been sold insurance that they had no use for," ASIC deputy chair Sarah Court said. ASIC previously referred the matter to the Commonwealth Department of Public Prosecutions, which will prosecute the case ...

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... of its licensee obligations arising from its breaches of the conflicted remuneration provisions. ASIC deputy chair Sarah Court said the impact of incentives when selling financial products has been a longstanding issue for the regulator. "We are concerned ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... accurate information that enables them to make informed decisions about their retirement savings," ASIC deputy chair Sarah Court said. "Superannuation represents the future financial security of all Australians. We want to see funds operate in a way ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... meant they couldn't make informed decisions about the financial services they were paying for," ASIC deputy chair Sarah Court said. "Customers need to have confidence in their financial services providers that they will be charged correctly for the ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... gave "cookie cutter" advice and RI Advice didn't take reasonable steps to protect his clients. ASIC deputy chair Sarah Court said: "Financial advice licensees need to understand that they can be liable if their advisers do not act in the best interests ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... Asgard to make early admissions of liability and took this into account in determining penalty". ASIC deputy chair Sarah Court said: "Misleading statements were made to customers, who were also charged for services they did not receive. The licensed ...

ASIC appoints new chair, deputy chair

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... replace James Shipton and a deputy chair. Perth-based lawyer Joe Longo has been appointed chair and the ACCC's Sarah Court also joins the regulator as deputy chair. "On behalf of the ASIC Commission and team I'd like to congratulate Joe Longo ...
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