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Court tosses Clive Palmer’s suits against ex-ASIC chair James Shipton
ASIC 2025-03-31 12:48 pm By Julia Kanapathippillai

A judge has thrown out Clive Palmer’s lawsuits against former Australian Securities and Investments Commission chair James Shipton after finding the claims had no reasonable prospects of success.

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ASIC, Reserve Bank have ‘deep concerns’ about ASX after CHESS outage
Securities 2025-03-31 11:24 pm By Christine Caulfield

ASX’s management of operational risk that led to December’s CHESS settlement outage has the corporate regulator and the Reserve Bank “increasingly concerned” and “deeply disappointed”.

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Super funds slammed for ‘unacceptable’ handling of death benefit claims
Financial Services 2025-03-31 11:22 pm By Christine Caulfield

The corporate regulator has caned the super fund industry for its poor handling of death benefit claims it said had “devastating impacts” on members’ grieving relatives.

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‘Egregious failure’ by lender’s counsel in appeal against ASIC win: court
Appeals 2025-03-24 4:44 pm By Cindy Cameronne

Payday lender Sunshine Loans has lost an appeal after it was ruled liable for “wrongheaded” conduct, with an appeals court finding that counsel showed an “egregious failure” to confine the case to the real issues. 

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CDPP drops charges against ex-G8 Education director
White Collar 2025-03-20 5:08 pm By Cat Fredenburgh

The CDPP has dropped charges against former G8 Education director Jennifer Hutson related to the ASX-listed childcare company’s 2015 takeover bid for Affinity Education Group.

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Judge asks ex-Star GC if she made mistake in not advising board on Suncity
Trials 2025-03-18 11:51 pm By Cindy Cameronne

On questioning by a judge, Star’s former top lawyer has denied making a mistake by failing to tell the board about issues with junket Suncity in May 2018, but said her view was different now with hindsight. 

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Active Super ordered to pay $10.5M penalty for greenwashing
Greenwashing 2025-03-18 12:16 pm By Julia Kanapathippillai

The trustee for Active Super has been ordered to pay a $10.5 million penalty for misleading members about its investments in gambling, oil tar sands and Russian companies.

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Ex-Star GC tells court she had no independent reporting obligation to board
Trials 2025-03-17 11:25 pm By Cindy Cameronne

During trial on Monday, ASIC also accused Star’s former top lawyer of giving false evidence about alleged cash for chip transactions in junket operator Suncity’s VIP room.

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ASIC moves to wind up investment firm Falcon Capital
ASIC 2025-03-17 2:48 pm By Andy Sidler

The Australian Securities and Investments Commission will seek to wind up investment firm Falcon Capital after obtaining freezing orders over its assets. 

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ASIC asks Full Court to stamp out authorised rep ‘mischief’ in Qoin case
Cryptocurrency 2025-03-14 11:03 pm By Sam Matthews

The corporate regulator has asked the Full Court to stamp out avenues for corporate mischief, as it challenges a finding about the authorised representative exemption to the licence requirement of financial services providers.

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