ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court on November 12, alleging members were impacted by delays to death and TPD claims ...
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... mislead the public. The term was used in three contracts issued under HCF Life's 'Recover' range of products. ASIC alleged that the term could mislead the public as the term purported to allow HCF Life to deny life insurance coverage if a ...
ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts ...
... about its Ethically Conscious Global Aggregate Bond Index Fund. It's the highest fine ever imposed for greenwashing. ASIC deputy chair Sarah Court says, "Approximately 74% of the securities in the fund were not researched or screened against applicable ...
The Australian financial regulator ASIC recently published a report on its actions against greenwashing misconduct and concluded that its "surveillance indicates there is ample room for improvement ". The report indeed underlines the extent of greenwashing ...
Bluey crashes Aus Post website, Gloria Jeans goes cashless, and ASIC scores a win for the battlers. Here are five things you may have missed this week. Bluey bucks sell out in 24 hours Talk about popular! Limited edition Bluey Dollarbuck $1 coins went ...
... It's also compelling for investors during periods of economic uncertainty when liquidity becomes a primary concern. Why is ASIC reviewing private credit? But private credit has come under the spotlight recently as it typically has less regulatory ...
... businesses not ready to go cashless, and big telcos delay 3G shutdown. Here are five things you may have missed this week. ASIC and ASX to face off in court It's probably not what the ASX needs right in the middle of the company reporting season ...
... Kearney said. How are companies liquidating? The report comes after the Australian Securities and Investments Commission (ASIC) said fewer than one in 10 liquidators have adopted a simplified liquidation process when winding up companies with debts not ...
... characteristics of super investment options." It noted that members' funds will not be used to pay the penalty. Corporate watchdog ASIC has two further greenwashing cases before the Federal Court, with action against Vanguard Investments Australia ...
