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Showing 1 - 8 of 8 results for "Westpac Securities Administration"

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... The findings follow ASIC's win over Westpac in the High Court in February, confirming that Westpac Securities Administration and BT Funds Management did provide personal financial advice in calls made to 14 customers regarding their superannuation. ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... September 2016. Westpac won the original case in December 2018, with the Federal Court ruling that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act when recommending customers rollover ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... under management at the end of last year sat at $29 million. A recent review from the trustee (Westpac Securities Administration) concluded that given the small number of investors and low FUM following the 2012 stop to new investors; it was in the members' ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... encourage customers to roll over external superannuation accounts into their existing accounts with Westpac Securities Administration Limited and BT Funds Management. ASIC was primarily concerned with the telephone calls. The corporate regulator claimed ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act in 2014, during two telephone campaigns in ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed to demonstrate that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) provided personal financial product advice to 15 customers over the consolidation ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... to bring civil proceedings against Westpac subsidiaries. The corporate regulator is alleging Westpac Securities Administration Limited (WSAL) and BT Funds Management Limited (BTFM) contravened aspects of the Future of Financial Advice (FoFA) reforms. ...

BT trustees receive RSE licenses

... licenses for their three trustees - BT Funds Management Limited, BT Funds Management No.2 and Westpac Securities Administration Limited. The licensing regime falls under provisions of the Superannuation Safety Amendment Act, which requires superannuation ...
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