By -

Key decisions

  • Australian Securities & Investments Commission v AMP Financial Planning Pty Ltd (No 2) [2020] FCA 69
  • Von Schoeler v Allen Taylor and Company Ltd Trading as Boral Timber (No 2) [2020] FCAFC 13 
  • Sister Marie Brigid Arthur (Litigation Representative) v Northern Territory of Australia (No 2) [2020] FCA 215

Corporations law

‘Best interests obligations’ in Corporations Act, ss 961B, 961G and 961J – lack of culture of compliance – penalties

In Australian Securities & Investments Commission v AMP Financial Planning Pty Ltd (No 2) [2020] FCA 69 (5 February 2020) the Court gave its reasons for judgment concerning contraventions by AMP Financial Planning Pty Ltd (‘AMPFP’) of the best interests obligations and related duties in ss 961B, 961G and 961J of the Corporations Act 2001 (Cth) (‘the Act’).

You've reached the end of this article preview

There's more to read! Subscribe to LSJ today to access the rest of our updates, articles and multimedia content.

Subscribe to LSJ

Already an LSJ subscriber or Law Society member? Sign in to read the rest of the article.

Sign in to read more