Showing 13 to 20 of 20 results
ASIC Sues Macquarie Group for Underreporting $1.5 Billion in Short Sales
ASIC is suing Macquarie Group for misleading conduct due to the underreporting of 73 million to 1.5 billion short sales between 2009 and 2024, marking ASIC's first short-sale reporting case and the fourth regulatory action against Macquarie in 12 months.
ASIC Sues Macquarie Group for Underreporting $1.5 Billion in Short Sales
ASIC is suing Macquarie Group for misleading conduct due to the underreporting of 73 million to 1.5 billion short sales between 2009 and 2024, marking ASIC's first short-sale reporting case and the fourth regulatory action against Macquarie in 12 months.
Progress
48% Bias Score
ASIC Blasts Super Funds for Delays in Death Benefit Payouts
ASIC's landmark report criticizes Australia's $4.1 trillion superannuation industry for significant delays in death benefit payouts, citing cases of families waiting nearly a year to receive funds despite binding nominations, leading to legal action against several major funds and prompting calls fo...
ASIC Blasts Super Funds for Delays in Death Benefit Payouts
ASIC's landmark report criticizes Australia's $4.1 trillion superannuation industry for significant delays in death benefit payouts, citing cases of families waiting nearly a year to receive funds despite binding nominations, leading to legal action against several major funds and prompting calls fo...
Progress
52% Bias Score
Property Mogul Ordered to Pay $1.25 Million After Defrauding Investors of $27 Million
Sasha Hopkins, a 37-year-old former property mogul, was ordered to pay $1.25 million and banned from owning corporations for four years after defrauding 217 investors of about $27 million through unlicensed investment schemes; despite this, he and his wife continue to enjoy a lavish lifestyle.
Property Mogul Ordered to Pay $1.25 Million After Defrauding Investors of $27 Million
Sasha Hopkins, a 37-year-old former property mogul, was ordered to pay $1.25 million and banned from owning corporations for four years after defrauding 217 investors of about $27 million through unlicensed investment schemes; despite this, he and his wife continue to enjoy a lavish lifestyle.
Progress
60% Bias Score
ASIC Sues Rex for Misleading Investors, Exposing Airline's Financial Crisis
Regional Express (Rex) faces legal action from ASIC for misleading investors about its profitability, reporting critically low cash reserves and substantial operating losses in early 2023, culminating in voluntary administration and a government bailout for regional routes.
ASIC Sues Rex for Misleading Investors, Exposing Airline's Financial Crisis
Regional Express (Rex) faces legal action from ASIC for misleading investors about its profitability, reporting critically low cash reserves and substantial operating losses in early 2023, culminating in voluntary administration and a government bailout for regional routes.
Progress
56% Bias Score
Macquarie Executives' Pay Cut Following ASIC Compliance Action
Macquarie Group's CEO, Shemara Wikramanayake, saw her pay drop to $24 million this year from $25.3 million last year, and other top executives also received smaller profit shares after the Australian Securities and Investments Commission (ASIC) imposed extra license conditions on the bank due to mul...
Macquarie Executives' Pay Cut Following ASIC Compliance Action
Macquarie Group's CEO, Shemara Wikramanayake, saw her pay drop to $24 million this year from $25.3 million last year, and other top executives also received smaller profit shares after the Australian Securities and Investments Commission (ASIC) imposed extra license conditions on the bank due to mul...
Progress
32% Bias Score
ASIC Sues AustralianSuper for Delayed Death Benefit Payouts
ASIC is suing AustralianSuper, a \$400 billion superannuation fund, for allegedly delaying 7,000 death benefit claims between 2019 and 2024, with one claim taking four years to process due to insufficient oversight and inefficient systems, prompting internal reviews and compensation payouts.
ASIC Sues AustralianSuper for Delayed Death Benefit Payouts
ASIC is suing AustralianSuper, a \$400 billion superannuation fund, for allegedly delaying 7,000 death benefit claims between 2019 and 2024, with one claim taking four years to process due to insufficient oversight and inefficient systems, prompting internal reviews and compensation payouts.
Progress
48% Bias Score
Australia to Introduce Mandatory Standards for Faster Super Death Benefit Payments
The Albanese government plans to introduce mandatory standards for Australia's \$4.1 trillion superannuation industry to reduce delays in processing death benefits, addressing criticism and legal action against funds like Cbus for significant delays costing members \$20 million and causing distress ...
Australia to Introduce Mandatory Standards for Faster Super Death Benefit Payments
The Albanese government plans to introduce mandatory standards for Australia's \$4.1 trillion superannuation industry to reduce delays in processing death benefits, addressing criticism and legal action against funds like Cbus for significant delays costing members \$20 million and causing distress ...
Progress
44% Bias Score
ASIC Sues Rex Directors for Misleading Shareholders
Australia's third-largest airline, Rex, faces legal action from ASIC for misleading shareholders about its financial prospects in February 2023, following a boardroom coup, administration, and an \$80 million government bailout; four directors, including the chairman, face potential fines and disqua...
ASIC Sues Rex Directors for Misleading Shareholders
Australia's third-largest airline, Rex, faces legal action from ASIC for misleading shareholders about its financial prospects in February 2023, following a boardroom coup, administration, and an \$80 million government bailout; four directors, including the chairman, face potential fines and disqua...
Progress
48% Bias Score
Showing 13 to 20 of 20 results