All posts tagged "Corporations Act"
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58Australia & NZASIC Files Australia’s First Criminal Charges Related to Auditing
The charges against EC Audit and its director allege that the audits of Halifax Investment Services were not conducted in accordance with the relevant standards.
June 10, 2021 -
70Australia & NZ
ASIC Bans Former Director of Global Merces Funds Management
The former director is being charged criminally for providing false information to auditors and falsifying the books of Global Merces.
June 2, 2021 -
105Australia & NZAustralia: Former QWL Director, Adviser Jailed for Six Years
The former adviser misappropriated about A$2.9mn of client funds without their knowledge over three years.
May 28, 2021 -
360AML / KYCAPRA Ends Westpac Probe into Possible Banking Law Breaches
The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.
March 14, 2021 -
241Australia & NZASIC Launches Suit Against CBA Units Over Compliance Failures
Commonwealth Bank said the issues arose from errors such as IT system coding or systems issues, human error and/or data entry errors.
March 2, 2021 -
144Australia & NZASIC Files Charges Against Allianz, AWP Over False Advertising
Allianz faces a maximum penalty of A$8mn for each of seven charges for making false or misleading statements regarding the sale of travel insurance products.
February 27, 2021 -
162Australia & NZ
ASIC Offers Immunity to Market Misconduct Whistleblowers
Under ASIC’s new immunity policy, individuals who have engaged with others to commit market misconduct offences can seek immunity by reporting the misconduct.
February 25, 2021 -
104Australia & NZAustralia Finalises Changes to Continuous Disclosure Laws
The changes will discourage opportunistic class actions and protect companies from liability unless their officers have acted with “knowledge, recklessness or negligence”.
February 21, 2021 -
165Australia & NZ
ASIC Seeks Penalties from CBA for Overcharged Interest
Due to a systems error, CBA charged more than 1,510 customers a higher interest rate than they were advised, amounting to A$2.2 million in overcharged interest.
February 17, 2021 -
222Australia & NZ
ASIC Sues Three Firms For Illicitly Offering FX Margin Trading
ASIC alleges Union Standard provided trading in margin FX products to clients in China in circumstances where it was illegal for Chinese residents to deal or trade in those products.
December 16, 2020
