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FEDERAL COURT
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...
Financial planning
As an embattled AMP faces multiple legal actions, the company has said that it “intends to vigorously defend the proceedings” filed against it....
Financial planning
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against financial adviser Graeme Walter Miller and his related businesses....
Financial planning
The Federal Court has ordered the wind up of an illegal investment scheme known as the VKK Investments Unit Trust and the trustee and operator of that scheme, Gem Managem...
Superannuation
The Australian Securities and Investments Commission has applied to the Federal Court for the appointment of a liquidator to Superfunded, amid various allegations of misb...
Policy & Regulation
The Federal Court has slapped three companies with fines totalling $7,150,000, finding that they engaged in multiple contraventions of financial services and consumer pro...
Superannuation
The Australian Securities and Investments Commission obtained interim injunctions from the Federal Court against Superfunded and its sole director and shareholder....
Financial planning
NSG Services has faced a civil penalty of $1 million by the Federal Court in the first breach of the best interest duty....
Financial planning
ASIC has commenced civil penalty proceedings against Westpac for breaching home-loan responsible lending laws....
Financial planning
An application made by a former AMP planner to restrain ASIC from making a banning decision has been dismissed by the Federal Court....
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...