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The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members.
ASIC has launched legal proceedings against HSBC, alleging the bank did not have appropriate controls to protect customers from scammers.
The lead auditor for the collapsed Greensill group, which was wound up in 2021 with claims over $1.7 billion, has been suspended until June 2026 for failing to adequately carry out his duties.
The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.
The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.
The corporate copy has brought court action against Rex and four of its directors alleging the regional airline misled the market about its profits.
Hoping for a discounted penalty, fintech iSignthis has won its bid to adduce evidence of without prejudice offers it made to reach a resolution with ASIC before the regulator took it to court.
Debt management business Solve My Debt Now will admit liability in action by the Australian Securities and Investments Commission alleging customers were worse off after using its services.
A judge has ordered self-styled real estate mogul Sasha Hopkins to pay a $1.25 million penalty for luring investors to put their life savings into risky property developments.
The corporate watchdog is suing the second Big Four bank in two months, alleging NAB mishandled hundreds of hardship applications from vulnerable customers.