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Showing 1 - 10 of 74 results for "Voluntary Administration"

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... did not provide more details about the type of information Justice Thawley was seeking. DASS went into voluntary administration in January 2022. ASIC cancelled its licence on 5 April 2023. DASS comprises the glut of the Australian Financial Complaints ...

Quinn family rescues beloved Sara Lee

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
The family who rescued Darrell Lea from voluntary administration more than a decade ago has now saved iconic dessert brand, Sara Lee. Sara Lee's administrators at FTI Consulting announced on Monday that the company, which went into voluntary administration ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... DASS, which saw the latter pay $7.2 million in penalties and $1 million in legal costs. DASS went into voluntary administration in January 2022. E&P is currently fighting a similar class action led by Piper Alderman, naming DASS and former chief executive ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... related to the amount of BBY's unsettled equities trades for the benefit of the company. BBY went into voluntary administration on 17 May 2015 and in liquidation the year after. ASIC suspended BBY's AFSL in May 2015, which remained in place until ...

Former van Eyk chief cops permanent ban

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... details of the deal to appear as though there was no conflict of interest, ASIC found. The firm went into voluntary administration in mid-September 2014 following the sudden closure of its Blueprint series of managed funds. Thomas has the right to appeal ...

Fund manager injects $28m in Stockspot

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... WealthConnect. Unlike Creativemass and Advice Intelligence, Garret said Six Park is "definitely not in voluntary administration" but has "scaled back the staff and ceased the service as currently deployed" and is open to redeploying the application to ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... and financial products operated by entities related to Dixon Advisory. In January 2022, DASS went into voluntary administration. On 16 December 2022, Dixon Advisory's creditors passed a deed of company arrangement, which among other things, required ...

GBST snaps up Advice Intelligence

ANDREW MCKEAN  |  TUESDAY, 25 JUL 2023
... management provider, has acquired Advice Intelligence, the financial planning software provider that entered voluntary administration in May. GBST chief executive Robert DeDominicis said: "The acquisition positions GBST perfectly to capture a significant ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... Financial Complaints Authority, and to have arrangements for compensating retail clients. FTX entered voluntary administration on November 11, and the regulator suspended its AFSL until 15 May 2023, which was subsequently extended to 24 July 2023. KordaMentha ...

GBST acquires WealthConnect platform

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
... GBST to WealthConnect even before Creativemass went into administration. Though, WealthConnect's voluntary administration triggered an accelerated acquisition process. "Since we've been acquired by our owners, Anchorage Capital, who have a growth ...
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