Federal Court of Australia

Life/Risk

CommInsure policyholders to be notified of transfer to AIA

In the latest step of the acquisition, AIA Australia will notify CommInsure policyholders of their transfer to the life insurer which is subject to the Federal Court of A...

Financial planning

CBA to pay $5m

The Commonwealth Bank of Australia has been ordered to pay $5 million for failures in their AgriAdvantage Plus Package. ...

Policy & Regulation

Court upholds Storm Financial decision

The full Federal Court has confirmed the directors of Storm Financial breached their duties, after the original judgement was handed down in August 2016....

Policy & Regulation

APRA moves to disqualify IOOF executives including MD

The Australian Prudential Regulation Authority has initiated action against IOOF including seeking the disqualification of its most senior executives, including managing ...

Funds management

Charter Hall completes Folkestone acquisition

Folkestone has advised that Charter Hall has completed its acquisition, following the implementation of schemes of arrangement between Folkestone and its shareholders....

Funds management

Folkestone’s acquisition by Charter Hall approved by shareholders

Folkestone has announced that its shareholders have approved the acquisition of the firm by Charter Hall....

Financial planning

ASIC takes civil action against Dover, McMaster

The regulator has commenced civil action in the Federal Court against Dover Financial Advisers and its sole director, Terry McMaster....

Policy & Regulation

ASIC obtains orders against Linchpin, Endeavour

The Federal Court has made interim orders in proceedings brought by the investments regulator against Linchpin Capital Group and Endeavour Securities (Australia) Ltd....

Financial planning

ASIC declares end to Storm litigation

The Australian Securities and Investments Commission has stated that civil penalties of $70,000 each imposed against the Storm Financial directors, Emmanuel and Julie Cas...

Superannuation

FCA orders winding up of Superfunded

The Federal Court has made orders by consent to wind up Western Australian company Superfunded, following an application from ASIC to appoint a liquidator last month....

Financial planning

Financial Circle slapped with interim injunctions

Financial Circle has been restrained from providing financial advice or carrying on a financial services business, following an interim injunction from the Federal Court ...