Sept 4 (Reuters) - Australian Securities and Investments Commission:
* COMMENCED PROCEEDINGS IN COURT OF AUSTRALIA AGAINST DIXON ADVISORY AND SUPERANNUATION SERVICES LTD
* ALLEGES THAT DIXON ADVISORY REPRESENTATIVES FAILED TO ACT IN THEIR CLIENTS' BEST INTERESTS
* SEEKING DECLARATIONS OF CONTRAVENTIONS AND PECUNIARY PENALTIES AGAINST DIXON ADVISORY
* MAXIMUM CIVIL PENALTY FOR CONTRAVENTIONS ALLEGED AGAINST DIXON ADVISORY IS $1 MILLION PER CONTRAVENTION FOR CONTRAVENTIONS PRIOR TO 13 MARCH 2019
* MAXIMUM CIVIL PENALTY FOR CONTRAVENTIONS ALLEGED AGAINST DIXON ADVISORY IS $10.5 MILLION PER CONTRAVENTION AFTER 13 MARCH 2019