The corporate regulator has banned a MWL Financial adviser for eight years for recommending clients park the bulk of their superannuation into Keystone’s high-risk Shield Master Fund, which has since collapsed.
The court will not get a chance to rule on the design and distribution obligations in the marketing of contracts for difference, after the Australian Securities and Investments Commission reached an agreement with eToro to resolve the first case of its kind.
A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax.
Bakers Delight has lost its appeal of a decision that found it was subject to a statutory reverse onus to disprove record-keeping claims in underpayments proceedings against a franchisee.
A court has tossed the corporate regulator’s case against Freedom Insurance’s former boss and another executive, finding that a sales incentives scheme did not breach conflicted remuneration laws.
Having lost a challenge to privatisation agreements by NSW Ports, the competition regulator wants to intervene in a High Court appeal by Mayfield Developments, which failed in its own case against the port authority.
AUSTRAC would get new powers to restrict or ban certain high-risk products, services or delivery channels, such as crypto ATMs, under legislation being proposed by home affairs minister.
The competition regulator is seeking to intervene in Mayfield Development’s appeal to the High Court in a case the developer says could have “startling” consequences.
Puma has appealed its failed opposition to a trade mark for Tiger Woods’ golf apparel and equipment brand Sun Day Red, which the German sneaker giant argued was too similar to its iconic leaping cat mark.
ASIC has secured winding up orders against Gold Coas- based ALAMMC Developments and a number of related companies amid concerns the property developer mismanaged millions of investors funds.