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Showing 91 - 100 of 138 results for "ASIC Act"

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON | FRIDAY, 20 APR 2018

... and expectations." It also made a series of acknowledgements of possible contraventions of the Corporations Act and the ASIC Act in relation to fees for no service. It was later revealed that AMP's law firm, Clayton Utz, removed outgoing chief executive ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON | MONDAY, 16 APR 2018

... standards and expectations." AMP made a series of acknowledgements of possible contraventions of the Corporations Act and the ASIC Act in relation to fees for no service. Orr said AMP acknowledged 196 events across 14 of its advice licensees where advisers ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE | MONDAY, 9 APR 2018

... establishment in 1998. The paper continues: "Although both Chapter 7 of the Corporations Act and Part 2, Division 2 of the ASIC Act have subsequently been amended extensively, it is important to note that by the beginning of the century the regulatory ...

NAB refunds home loan customers

KARREN VERGARA | TUESDAY, 19 DEC 2017

NAB refunded $1.7 million to home loan customers after it failed to properly set up mortgage offset accounts, according to ASIC. Customer complaints prompted NAB to conduct an internal review, which found the bank failed to link offset accounts to broker ...

Federal Court dismisses ASIC allegations

ALEX BURKE | TUESDAY, 3 JAN 2017

The Federal Court dismissed ASIC's allegations in regards to a breach of directorial duties at an investment management company which collapsed in 2013. ASIC originally said that Peter Charles Drake, Francene Maree Mulder and Eghard van der Hoven, directors ...

ASIC commences proceedings against Westpac

ALEX BURKE | WEDNESDAY, 6 APR 2016

... contravened s.12CA, s.12CB and the former s.12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act), s.912A(1), s.1041A of the Corporations Act 2001 (Cth) (Corporations Act)." In addition, ASIC will seek "pecuniary penalties" ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH | FRIDAY, 26 FEB 2016

... consumers were given appropriate advice. ACE admitted that there had been contraventions of the Corporations Act and ASIC Act, including a requirement to take reasonable steps to ensure representatives complied with the best interests laws under the ...

ASIC to face legal action over Storm Financial

LAURA MILLAN | THURSDAY, 5 FEB 2015

The Australian Securities and Investments Commission (ASIC) is facing a class action for its alleged delay in taking action against Storm Financial and for allegedly acting to protect the interests of major banks, particularly the Commonwealth Bank ...

ASIC acts on 440 SMSF auditors

LAURA MILLAN | THURSDAY, 18 DEC 2014

Self-managed super fund (SMSF) auditors who did not undertake or pass a competency exam necessary to retain their registration have seen their registration cancelled by the Australian Securities and Investments Commission (ASIC). ASIC has also disqualified ...

Licensee under ASIC scrutiny after employing AAA advisers

LAURA MILLAN | WEDNESDAY, 30 JUL 2014

An Adelaide-based licensee has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after it employed a number of former representatives of AAA Intelligence limited. PGW Financial Services has ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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