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29 May 2017 • By • 1 min read

Former MFS executives fined and disqualified

The fund manager and four former officers of MFS Investment Management have been disqualified from managing corporations by the Supreme Court of ...

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Bank levy to cost Westpac $260m a year

Westpac has outlined the cost of the government’s proposed bank levy on its balance sheet and, more importantly for investors, its dividend

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Poor advice compensation edges up to $204m

The major banks’ compensation bill for victims of poor advice has increased to $204 million, according to ASIC’s latest update on its ‘fee for no ...

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Liquidators appointed to Courtenay House

The Supreme Court of NSW has made orders, by consent, for the winding up of Sydney-based trading firm Courtenay House following an application by ASIC

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Federal Court disqualifies Avestra AM directors

The two former directors of Avestra Asset Management have been disqualified from managing corporations and restrained from providing financial ...

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Banks seek to delay levy implementation

The Australian Bankers’ Association (ABA) has called for the “usual consultation and policy processes” prior to the implementation of the bank levy ...

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Release bank levy modelling, demands ABA

The Australian Bankers’ Association has called on Treasurer Scott Morrison to release more information on the new $6.2 billion bank levy, including ...

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APRA announces organisational restructure

APRA has created four new senior leadership roles as part of a restructure designed to allow it to respond to changes in the financial sector

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New dispute resolution body outlined

The government has announced the creation of a new external dispute resolution body designed to give Australians a “simpler, more accessible” way to ...

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Provident Capital director loses banning appeal

The Administrative Appeals Tribunal has affirmed ASIC’s banning of former Provident Capital MD Michael O’Sullivan from managing corporations

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