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High Court of Australia dismisses Westpac's appeal


Westpac
Westpac acknowledges today’s decision by the High Court of Australia which has dismissed Westpac’s appeal in relation to proceedings brought by ASIC about the provision of financial product advice.
This decision relates to proceedings brought by ASIC in 2016 against Westpac Securities Administration Limited and BT Funds Management Limited. The appeal related to calls to 14 customers concerning the rollover of their external superannuation accounts.
The High Court found that Westpac had provided “personal advice” on these calls and in doing so had breached certain provisions of the Corporations Act. The High Court’s decision provides important guidance on the distinction between general and personal advice. The proceedings will now be remitted to the Federal Court of Australia for a hearing on penalties. ....

Bt Funds Management , Westpac Securities Administration , High Court , Westpac Securities Administration Limited , Federal Court , பிடி நிதி மேலாண்மை , உயர் நீதிமன்றம் , கூட்டாட்சியின் நீதிமன்றம் ,

ASIC successful against Westpac subsidiaries' appeal to High Court


Date Time
ASIC successful against Westpac subsidiaries’ appeal to High Court
The High Court has today confirmed that Westpac Bank subsidiaries, Westpac Securities Administration Limited (WSAL) and BT Funds Management Limited (BTFM), breached financial services laws, including the requirement to act in their clients’ best interests and the requirement to act honestly, efficiently and fairly.
The unanimous High Court judgment today upheld the Full Federal Court decision regarding the conduct of WSAL and BTFM, dismissing their appeal and holding that they breached the Corporations Act by providing personal financial product advice in calls made to 14 customers. Neither company was licensed to provide personal financial advice. ....

Justice Kiefel , Justice Gordon , Westpac Securities Administration Limited , Westpac Bank , High Court , Bt Funds Management Limited , Management Limited , Full Federal Court , Corporations Act , Danielle Press , Justices Bell , Federal Court , Full Court , Australian Securities And Investments Commission , Financial Services , Civil Penalty , நீதி கோர்டந் , வெஸ்ட்பேக் வங்கி , உயர் நீதிமன்றம் , பிடி நிதி மேலாண்மை வரையறுக்கப்பட்டவை , மேலாண்மை வரையறுக்கப்பட்டவை , முழு கூட்டாட்சியின் நீதிமன்றம் , நிறுவனங்கள் நாடகம் , டேனியல் ப்ரெஸ் , நீதிபதிகள் மணி , கூட்டாட்சியின் நீதிமன்றம் ,

R.Kulvinskytė ir A.Ramanauskas: kuris užsnūdo prie vairo, o kas 12-os padarė motociklo avariją?

R.Kulvinskytė ir A.Ramanauskas: kuris užsnūdo prie vairo, o kas 12-os padarė motociklo avariją?
15min.lt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 15min.lt Daily Mail and Mail on Sunday newspapers.

Ilze Kulvinskyt , Why Century ,