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Australian Securities and Investments Commission (Asic) V Golden Financial Group Pty Ltd (No 2)Federal Court of Australia
Judgment Date:
2017-10-27
Abstract:
The Federal Court of Australia (FCA) has determined a separate penalty against Golden Financial Group Proprietary Limited (Golden), a financial services licensee, for contravening best interests duty. The FCA ordered that Golden should be liable to the Australian Securities and Investments Commission for $250,000 in respect of the breach under (CTH) Corporations Act 2001 s 961K(2), $750,000 for the breach concerning s 961L, and $50,000 for the payment of costs of proceedings.
Corporations | Companies | Declaration of contraventions | Civil penalty orders
Published:
23/11/2017
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