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Showing 1 - 10 of 21 results for "litigation funding"

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... framework and highlighted the need for MIS's to be included under the CSLR. It also won't be looking at litigation funding schemes, time-sharing schemes, issues relating to tax treatment, the Corporate Collective Investment Vehicle regime, or ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... recommendations of the Parliamentary Joint Committee on Corporations and Financial Services in its report on litigation funding and the regulation of the class action industry, including recommendations 7, 11, 12, 13, and 16. Recommendation 7 recommends ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... authorisations, compared to 741 in the previous financial year. "In 2020-21, ASIC implemented reforms requiring litigation funding scheme operators, insurance claims handling services and debt management services firms to be licensed," ASIC chief operating ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... Undoubtedly, the increase in the allocation of indirect costs is closely related to the increased spending on litigation funding," he said. "The combination of the increase in enforcement and indirect costs accounts for $32.5 million of the total $38 ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...

SMSF claim over Dreamworld deaths hits snag

ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
... Ardent's liquidity is undoubted," Whyte said. "We are conferring with the funder [of the class action, Woodsford Litigation Funding] about their position in light of the court's finding." On 25 October 2016, Kate Goodchild, Luke Dorsett, Cindy Low and ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... that no one else is." The firm said the claims will be fully-funded by global litigation funder, Woodsford Litigation Funding, on the basis that if there is no win, there is no fee. "If you acquired, renewed or continued to hold a financial product (including ...

Class action over YouTube fundie fallout

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... is building on the group of investors who have already approached us for help. With sufficient numbers and litigation funding and ATE insurance in place, RGL will commence legal proceedings on behalf of a significant number of Woodford investors," RGL ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the regulation of the industry. The regulations could stymie compensation payouts to Australians robbed by big banks ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
The Senate Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today. Menzies Research Centre chief of staff James Mathias was questioned ...
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