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Showing 91 - 100 of 608 results for %22Section 38Q of%22

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... the very thing ASIC wants to eradicate: templated SOAs. And good luck reproducing a digital SOA to ASIC in response to a section 33 Notice! The industry has gone mad," he said.

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... the Corporations Act. "As a result, over 8000 customers were affected." The Court found that the bank had contravened section ss12DA(1), 12DB(1)(e) and (g), 12DI(3) of the ASIC Act and 912A(1)(a) and (c) of the Corporations Act. The Judge said CBA had ...

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... Chair of the committee, Member of Parliament Jason Falinski, said the committee is interested to hear from a broad cross section of witnesses from government and the private sector. It will be scrutinising the operation of employee share schemes and ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... when attempting to provide rent relief for struggling tenants. The prohibition against providing financial accommodation (section 65 of the SIS Act), the prohibition against dealing on a non-arm's length basis (section 109 of the SIS Act) and the in-house ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... to the manager's website, it "seeks to exploit both the fundamental mispricings and the mispricing of risk in the cross section of equities through our proprietary multi-factor stock selection process". The strategy shorted weak high-beta stocks and ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
Late last year, before extreme weather events battered the world, before COVID-19, The Big Short 's Michael Burry said he had found the next bubble: passive investments. Now, with asset prices trembling in the face of the pandemic, could there still ...

Please be aware of the nearest exit

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
As the conversation changes towards what the future will look like beyond COVID-19, the major topic at the forefront is what exit strategy lays ahead. Whether government, business or individual, the economic ramifications from the measures taken to ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... issue would necessarily be raised. If the latter, the question was merely one of the construction of the scope of that section," it said. QSuper also made an alternative argument that if AFCA was authorised to make the decision, the decision involved ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... of the size and structure of funds like AustralianSuper and Sunsuper, "because their membership reflects a broad cross-section of the economy, not a single industry". "It has always seemed logical in mergers for trustees to seek opportunities to merge ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
With global stock markets rallying overnight, the chief executive of an independent financial advisory firm has pointed to key sectors that are benefiting from the spreading COVID-19 pandemic. deVere Group founder and chief executive Nigel Green said ...