ASIC consults on remaking class orders on application form requirements

AAT reduces banning period for NSW mortgage broker

  The Administrative Appeals Tribunal (Tribunal) has reduced the banning period for former mortgage broker, Michael Wilkins, from three years to 18 months. Mr Wilkins of Watanobbi, NSW, was banned by ASIC, from providing financial services…

ASIC

Court Orders Penalties and Other Relief Against Westpac…

The Federal Court of Australia today ordered Westpac Banking Corporation (Westpac) pay a pecuniary penalty of $3.3 million for contravening s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act) through its involvement in…

Federal Court finds Westpac traded to affect the…

Justice Beach of the Federal Court today found that Westpac engaged in unconscionable conduct under s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) by its involvement in setting the bank bill swap reference rate…