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Showing 91 - 100 of 698 results for "Corporations Act"

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... commencing legal proceedings against current and former AFSL holders that allegedly breached section 917B of the Corporations Act 2001 and have not consented to participate in relevant remediation processes with the Australian Financial Complaints Authority. ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... of about 3.19% of PAF shares by Moore between 28 September 2021 and 12 October 2021 contravened s606(1) of the Corporations Act, the panel found. The Scheme Implementation Deed between PAF and PGF also contained a $500,00 break fee. "We believe that ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... web financial services legislation, the ALRC makes 16 recommendations and asks eight questions about how the Corporations Act 2001 should be simplified and rationalised in the first of four reports, Financial Services Legislation: Interim Report A. At ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... discussing with selected finfluencers about their responsibilities and business models, and obligations under the Corporations Act. It is also looking at the "limits of acceptable promotion". ASIC found that corporations are using finfluencers to "pump ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... in a standardised approach, while introducing more flexibility for bond issuers. Review of Chapter 2L of the Corporations Act and other regulatory obligations applicable to trustees with the aim of increasing the availability of trustees for the retail ...

Social media pump and dumps gain traction

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
... stocks. It's now issued a reminder that pump and dump activity may amount to market manipulation in breach of the Corporations Act 2001. Pump and dump schemes are defined as a person buying shares in a company and starting an organised program to seek ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... information." He added that ASIC is planning on offering further clarity on records of advice and Chapter 7.7 of the Corporations Act. "The feedback I get from my own staff is that the industry can take an overly cautious compliance approach to these ...

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
Aware Super, AustralianSuper and Hostplus are set to appear before the Standing Committee on Economics' inquiry into common ownership on Monday. Several super funds and IFM Investors will face the inquiry on Monday, with the government saying it ...

AustralianSuper says no incidents of common ownership

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
... portfolio as well as current portfolio holdings and found no incidents of common ownership. It said it used the Corporations Act's substantial holding threshold [5%] and considered at least two of the four largest companies in an industry. "While we ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act." Over 18,140 advisers have sat the exam with approximately nine in 10 demonstrating they have the skills to apply their ...