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21 December 2018 • By James Mitchell • 1 min read

Forex broker’s assets frozen by Federal Court

ASIC has obtained orders from the Federal Court against a Melbourne-based forex brokerage and its director, freezing their bank accounts and ...

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ASIC dishonesty findings appeal upheld

The Queensland Court of Appeals has upheld a 2016 judgement against four former fund officers who were found to have contravened the Corporations Act

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ANZ could be forced to hold $8bn in additional capital 

The major bank has responded to a proposal by the Reserve Bank of New Zealand for banks to double the amount of capital they hold.  On Friday (14 ...

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ASIC wins High Court battle against property trust directors 

The corporate regulator has won a landmark appeal in the High Court against the directors of a managed investment scheme that collapsed in 2010, owing ...

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Class action lawyers circle IOOF, costs could exceed $150m

A national law firm is considering a class action against embattled wealth giant IOOF. APRA recently took measures to disqualify several key ...

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Westpac shareholders reject executive pay

Westpac incurred a first strike against its remuneration report at its annual general meeting this week, where chairman Lindsay Maxsted said the ...

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Australian financial industry to remain safe from terrorism effects

A review into the governments Terrorism Insurance Act has recommended that the scheme to protect Australia’s markets in the event of a terrorist ...

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Government forces sale of $380m worth of real estate

The federal government has sold over 300 Australian properties, valued in excess of $380 million, that were illegally owned by foreign nationals

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Complaints spike 47% in AFCA’s first month

The Australian Financial Complaints Authority has received over 6,500 complaints in its first month, an increase of over 47 per cent when compared to ...

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ASIC to cut red tape

ASIC has released its latest report that highlights the commission’s efforts to reduce red-tape and achieve more practical regulatory outcomes for ...

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