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108 results tagged asic:
Who will pay AustralianSuper’s $27 million fine?
Australia's biggest super fund has copped a $27 million fine. Where does the money for the fine come from? And who really pays?
AustralianSuper fined $27 million for ‘betraying members’
More than 42,000 beneficiaries were affected when AustralianSuper failed to promptly identify and merge members' multiple accounts from 2019 to 2023.
AMP becomes first super fund to invest in crypto
AMP Super became the first superannuation fund to add cryptocurrency to its portfolio when it invested $27 million in bitcoin this week.
Three of the biggest financial blunders in history
What happens when a bank makes a billion-dollar mistake? Or a commodities broker buys seven million barrels of crude oil after a big night on the booze?
ASIC sues NAB for failing customers in hardship
"We allege NAB unlawfully failed to respond to their customers' appeal for help when they needed them most," ASIC chair Joe Longo said.
ASIC sues Cbus over delayed death and disability payments
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members.
HCF Life’s pre-existing conditions term could mislead public: Federal Court
A 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public, the Federal Court has found.
ASIC seeks $27 million penalty against Australian Super
ASIC alleges that, for almost 10 years, AustralianSuper failed to identify and merge multiple accounts for 90,000 members, costing those members $69 million.
ACCC sues Woolworths and Coles over fake discounts
Inflation falls below 3%, Woolies and Coles taken to court over allegations of dodgy discounts, and where to buy gold with your groceries.
Anger brews as Gloria Jeans goes cashless
Gloria Jeans goes cashless, ASIC wins one for the battlers over rent-to-own appliances, and Star Entertainment Group is suspended from trading.
