FEDERAL COURT

Policy & Regulation

The last of 19 civil actions brought by ASIC against financial services licensees recommending Westpoint products has wrapped up, with almost $1.5 million being recovered...

Policy & Regulation

The officers of two companies involved in land banking schemes, one of them a chartered accountant, have received long disqualifications as part of a Federal Court judgem...

Financial planning

The Australian Securities and Investments Commission is seeking court backing to force law firm Clayton Utz to produce documents at the heart of fee for no service allega...

Funds management

DomaCom has announced it has completed $2.95 million capital raise through the issue of a convertible security....

Financial planning

The Federal Court has ordered Westpac to pay a $3.3 million penalty for its involvement in setting the BBSW in 2010. ...

Policy & Regulation

The Tax Practitioners Board has revealed it currently has around 400 current investigations into tax practitioners, as the Federal Court upholds its decision to ban a for...

Policy & Regulation

The Federal Court has imposed a new obligation on Australian Financial Services licensees to ensure they take ‘reasonable steps’ to stay in line....

Policy & Regulation

Plaintiff law firm, Slater and Gordon has secured a $28.5 million settlement out of its six-year class action against Australian Executor Trustees as the trustee for Prov...

Funds management

The Federal Court has approved the proposed scheme of arrangement under which Charter Hall Limited will acquire Folkestone....

Policy & Regulation

The Full Federal Court has handed down its judgment in the appeal by Aussiegolfa Pty Ltd, finding there was no breach of the sole purpose test. ...

Policy & Regulation

The Federal Court has handed down its judgment on the contempt findings brought by ASIC against multiple defendants in proceedings concerning binary option trading websit...

Policy & Regulation

The Commonwealth Bank (CBA) has been served with another class action, this one filed in the Federal Court by Phi Finney McDonald on behalf of shareholders from 2014 to 2...

Policy & Regulation

The Federal Court has approved the Commonwealth Bank’s $25 million settlement with the Australian Securities and Investments Commission regarding the Bank Bill Swap Rate....

Financial planning

Westpac has responded to civil charges brought against it by the regulator for poor financial advice by saying that it had already identified and responded to the alleged...

Financial planning

The Australian Securities and Investments Commission has cancelled the Australian financial services licence of Wealth & Risk Management, following a court finding that t...

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 2 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 3 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 2 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

1 week 4 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 2 days ago
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