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Westpac penalised for millions in personal advice court case

Westpac penalised for millions in personal advice court case
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Westpac penalty provides 'clarity' over advice provisions

Westpac penalty provides 'clarity' over advice provisions
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ASIC: Westpac Subsidiaries To Pay $10.5 Million Penalty For Breaches Of Best Interests Duty

ASIC: Westpac Subsidiaries To Pay $10.5 Million Penalty For Breaches Of Best Interests Duty
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Westpac fined $10.5m by ASIC for $650m super roll-ins

Westpac fined $10.5m by ASIC for $650m super roll-ins
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Westpac subsidiaries fined $10.5 million over sales calls made to just 14 customers

Westpac subsidiaries fined $10.5 million over sales calls made to just 14 customers
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Westpac hit with $10.5m penalty for super rollover advice

Westpac hit with $10.5m penalty for super rollover advice
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Westpac to pay $10.5m penalty for personal advice case

Westpac to pay $10.5m penalty for personal advice case
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Aussie banking group handed A$10.5m fine

Aussie banking group handed A$10.5m fine
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Australian Financial Services Regulatory Update - February 2021 | Jones Day


This edition of the
Update covers:
Recent legal and regulatory developments, including the release of APRA's policy and supervision priorities for 2021, the launch of APRA's Cyber Security Strategy 2020 – 2024, Australian regulatory support for the ISDA IBOR Fallbacks Protocol and Supplement, and Australia's renewed focus on sanctions;
Two recent Federal Court decisions which support ASIC's position on obligations to comply with ASIC notices and to substantiate any claims for legal professional privilege;
The continuing fallout of the Financial Services Royal Commission and the recent cases which demonstrate that ASIC and APRA appear to remain committed to taking enforcement action in relation to matters referred by the Commissioner;

Australia , Bendigo , Victoria , Australian , Nicole-rose , Geoff-summerhayes , Ri-advice-group-pty-ltd , Westpac , Superannuation-trustees-ordered-to-pay , Financial-services-royal-commission , Basel-committee-on-banking-supervision , Australian-financial-services