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Showing 91 - 100 of 815 results for "Corporations Act"

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... Advisory in 2021, alleging 51 instances of bad financial advice that breached the best interests duty under the Corporations Act. ASIC ultimately settled for a $7.2 million penalty and $1 million to cover its legal costs. The amounts have yet to be paid. ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... offences of engaging in dishonest conduct in relation to a financial product or financial service contrary to s1041G Corporations Act 2001 (Cth); An offence of carrying on an unlicensed financial services business contrary to s 911A Corporations Act ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... admission of guilt or liability, and by doing so, CLSA is not taken to have contravened subsection 798H(1) of the Corporations Act. The corporate watchdog said that providing accurate regulatory data is a "core obligation" of market participants, in ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... her in late November last year. Yuen pleaded guilty to two offences which contravened sections 1041G(1) of the Corporations Act and section 11.2 of the Commonwealth Criminal Code. As a result, she was sentenced to an aggregated sentence of two years ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... the client. They must also be accessible by the licensee at all times. ASIC Instrument 2021/716 modifies the Corporations Act to exclude certain forms of non-compliance from being deemed "significant" breaches of core obligations of the act, while ASIC ...

WAM calls to save in-person AGMs

ELIZA BAVIN  |  FRIDAY, 26 JUL 2024
Assistant Treasurer Stephen Jones announced this month a review to consider making temporary changes to the Corporations Act to allow hybrid and virtual-only AGMs permanently, a move which Wilson Asset Management chief executive Geoff Wilson said is ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... BUSSQ said. BUSSQ also said that all its board directors are appointed under the requirements of the SIS Act, Corporations Act, Australian Financial Services Licence obligations, and Superannuation Prudential Standard 520 Fit and Proper (CPS250). "We ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... guilty to providing unlicensed financial services on behalf of another person contrary to section 911B (1) of the Corporations Act in May. Justice Newlinds said the offence is not concerned with whether Bigatton "provided financial products advice that ...

Magellan fund to launch as active ETF

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... Accordingly, the fund will become an open-ended active ETF and an "unlisted disclosing entity" for the purposes of the Corporations Act 2001 (Cth) ("Act") subject to the continuous disclosure obligations in section 675 of the Act," Magellan said. MGF ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... candidates' knowledge of advice regulatory and legal requirements, including obligations under Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, the Privacy Act 1988, and the Tax Agent Services ...