federal court

Policy & Regulation

IOOF board strips Kelaher of deferred shares

The board of IOOF Limited has declared former managing director, Chris Kelaher’s deferred shares forfeit despite the company’s defeat of the Australian Prudential Regulat...

Policy & Regulation

Tax agent loses Federal Court battle to TPB

Former tax agent Rudy Frugtniet has failed in his six year battle against the Tax Practitioners Board to overturn the termination of his registration....

Policy & Regulation

IOOF share price recovers but short of highs

The IOOF share price has recovered sharply following its victory against the Australian Prudential Regulation Authority in the Federal Court but is still well short of it...

Policy & Regulation

IOOF wins in APRA court battle

IOOF Limited has scored a victory over the Australian Prudential Regulation Authority in their court battle stemming from the Royal Commission....

Policy & Regulation

It was a test case insists ASIC

The Australian Securities and Investments Commission has reinforced that its responsible lending action against Westpac was a test case....

Policy & Regulation

Court cracks down on unnecessary liquidator charges

Liquidators should pay heed to a decision from the Federal Court to fix the remuneration of the liquidators of three Adelaide companies at $3.9 million, compared to the $...

Policy & Regulation

Receiver appointed to former OTC derivates issuer

The Australian Securities and Investments Commission will appoint a receiver to former OTC derivatives issuer Berndale Capital Securities, following a successful applicat...

Policy & Regulation

ASIC wraps up Westpoint actions

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

ASIC action results in long Federal Court disqualifications

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

ASIC moves to force law firm on AMP documents

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 raises $2.95m

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

Financial planning

Westpac slammed with $3.3m fine for BBSW manipulation

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

Policy & Regulation

TPB signals focus on professional standards

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

Reviewing advice verging on “Python-eseque silly walk”

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

Slater & Gordon win AET class action

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...