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A Federal Court judge has refused to alter freezing orders to cover rent costs for the couple behind defunct NDIS housing developer ALAMMC, after the Queensland Supreme Court made possession orders over their Gold Coast apartment.
Former Star CEO Matthias Bekier is seeking leave to appeal a judge's finding that he and the casino operator's former GC breached their duties, while ASIC is mulling a challenge to the court's dismissal of its case against members of the Star board.
Macquarie Investment Management breached its obligations after its members invested $321 million in Keystone Asset Management's failed Shield fund, a court has found, but the super trustee will not pay a penalty.
The Australian Securities and Investments Commission has been given the green light to pursue a consumer case alleging defunct online retailer Snaffle charged consumers inflated prices.
Forum Finance director Vince Tesoriero has been banned from managing companies for five years due to his involvement in the failure of 20 companies, including Forum, through which he and partner Bill Papas defrauded Westpac out of $400 million.
A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.
Super fund HUB24, which rejected the now collapsed First Guardian fund as an investment for members, can protect its due diligence process from getting into the hands of rival Diversa, whose members weren't so lucky.
Developer Robert Filippini, who is suspected of fraudulently receiving investor money from defunct Keystone Asset Management, is seeking to appeal an extension of freezing orders over family trusts that hold property and several luxury cars.
Describing it as the most significant corporate governance action taken in his time at ASIC, the regulator's chief says the Star case is a wake-up call for directors.
A seventh person linked to MWL Financial has copped a ban for recommending Keystone's Shield Master Fund, which collapsed alongside the First Guardian Fund owing over $1 billion.