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Financial planning
The corporate watchdog has scored a win against failed property developer Westpoint, after it was given permission to question Westpoint managing director Norm Carey abou...
Superannuation
An unregistered managed investment scheme relating to a retirement village has been wound up by the Federal Court following proceedings brought by the corporate regulator...
Life/Risk
The corporate regulator has applied for orders to have another company linked to the Westpoint Group wound up and has separately brought charges against a Tasmanian insur...
Financial planning
The former directors of a mezzanine financing company are due to stand trial in Adelaide on 70 charges, following an investigation by ASIC....
Financial planning
Andre Michalik, the former promoter of a scheme for the early release of superannuation entitlements, has been jailed for two years by the Supreme Court of New South Wale...
Financial planning
The Federal Court of Australia has joined Keypoint Developments to the proceedings brought by ASIC against the former directors of Westpoint – Norman Carey, Graeme Rundle...
Financial planning
The Supreme Court of New South Wales has reinforced the value of employment agreements, upholding Koops Martin Financial Services’ actions to stop a former adviser from l...
Financial planning
The Federal Court of Australia has ordered that the directors of an unlicensed financial services business in Perth must cease operation immediately, following an ASIC in...
Financial planning
An associated company of Westpoint, Cinema City Mezzanine, is facing liquidation in the Federal Court of Australia as ASIC commences proceedings to wind up the company....
Financial planning
A senior Westpoint director has accused auditor KPMG of already knowing about the failed developer’s problems before ticking-off its reports....
Financial planning
The Federal Court of Australia in Perth has granted an application by the Australian Securities and Investments Commission and issued interim asset freezing orders agains...
Financial planning
Two men alleged to have sold risk insurance without holding an Australian Financial Services Licence failed to attend a scheduled Federal Court appearance in Perth yester...
Financial planning
A number of companies connected with an unregistered management investment product are now the subject of Federal Court restraining orders following legal action by the A...
Financial planning
Westpoint administrator PBB has predicted it will take years to complete its investigations into the failed developer....
Financial planning
Liquidators have been appointed to wind up Westpoint Corporation following an application by ASIC to have the company shutdown on grounds of insolvency....
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...