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Showing 1 - 10 of 3969 results for "law"

ASIC consults on new digital asset laws

MATTHEW WAI  |  THURSDAY, 15 OCT 2026
... in the broader digital economy. The new laws will come into effect on 8 April 2027. Consultation Paper 392, Digital asset law reform implementation: Proposed standards and guidance (CP 392) outlines ASIC's proposed approach to standards and regulatory ...

Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
... fairness obligation where the trustee has an opportunity to try to present some evidence that they haven't breached the law," Spence says. "I think what we do know is that it will probably be faster than ASIC going to court." ASIC is currently suing ...

Treasury consults shifting tax debts from victims to abusers

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
... actions, and that those actions involved fraud, dishonesty, gross negligence, or intentional or reckless disregard of the tax law. Attorney-General Michelle Rowland said the consultation seeks to provide the courts greater flexibility to transfer a tax ...

OKX Australia launches perps for pre-IPO opportunities

MATTHEW WAI  |  WEDNESDAY, 14 OCT 2026
... to operate but have not yet met the condition will now face civil and criminal penalties for breaching financial services law. This includes potential fines reaching up to 10% of annual turnover, the regulator said. ASIC is also keeping a close eye on ...

CareSuper rejigs beneficiary nominations, investment options

KARREN VERGARA  |  TUESDAY, 13 OCT 2026
CareSuper has introduced several changes to its investment options and beneficiary nominations. On October 1, CareSuper amended the trust deed to change the circumstances in which a binding nomination may become invalid. Previously a binding nomination ...

Fortnum pays $1.35m to settle ASIC lawsuit

MATTHEW WAI  |  TUESDAY, 13 OCT 2026
Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023. Fortnum self-reported the matter to ASIC and ...

Former Western AM investment chief to receive final judgement

MATTHEW WAI  |  MONDAY, 12 OCT 2026
The Securities and Exchange Commission (SEC) has moved for a final judgement against the former co-chief investment officer of Western Asset Management, which could result in $147 million (US$103m) returned to harmed investors. The SEC is advancing ...

ASX to defend legal action brought by shareholder

MATTHEW WAI  |  MONDAY, 12 OCT 2026
The Australian Securities Exchange (ASX) said it plans to defend the claims submitted by one of its shareholders on ASX's behalf, stating the applications filed are "not in the best interests of the company." Rosherville Capital, a Sydney-based family ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
ASIC has launched civil penalty proceedings against former financial adviser Osama Saad, alleging he participated in schemes designed to avoid conflicted remuneration laws and provided unsuitable advice that directed hundreds of clients' superannuation ...

Former Big Un chief escapes prison time for insider trading

MATTHEW WAI  |  MONDAY, 28 SEP 2026
The former chief executive of Big Un Richard Evans has learned his fate after the District Court of New South Wales handed down its verdict, with Evans escaping imprisonment. Evans, also known as Richard Evertz, was sentenced to one-year-and-nine-months ...
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