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Showing 1121 - 1130 of 1371 results for "Corporations"

Joint Committee has consumer loans in its sights

WWW.THESHEET.COM  |  TUESDAY, 21 APR 2009
The Parliamentary Joint Committee on Corporations and Financial Services' inquiry into financial products and services will include a review of banking products. Reflecting the transfer of oversight of consumer finance to the Commonwealth, which will ...

Court convicts unlicensed Westpoint planner

PRESS RELEASE  |  MONDAY, 20 APR 2009
... Australian financial services licence (AFSL). As a result of the conviction, Rowntree is disqualified from managing corporations for five years. Companies including Solutions One Finance Group and the New South Wales and Victorian businesses, which Rowntree ...

Charged for no AFSL

ASIC RELEASE  |  TUESDAY, 14 APR 2009
... Stephen Ashley Sneddon, of Underwood, have appeared in the Southport Magistrates Court charged with offences under the Corporations Act 2001 (the Act). ASIC alleges, that between 13 October 2003 and 28 November 2005, the Lancer Group Pty Ltd carried ...

ASIC bans Macquarie rumourmonger

MEDIA RELEASE  |  TUESDAY, 24 MAR 2009
... Macquarie Group and one of firm's products. The regulator banned Macphillamy after finding he did not comply with the Corporations Act when he spread rumours about the Macquarie Cash Management Trust and Macquarie Group. The investigation found Macphillamy ...

Storm subsidiary in liquidation

MEDIA RELEASE  |  FRIDAY, 20 MAR 2009
... accounting and administration support from Storm and managed at least $41 million in client assets. "As required under the Corporations Act, we will be conducting investigations into the business affairs of Victorian Families, including reviewing the ...

Pay to perform

MICHELLE BALTAZAR  |  THURSDAY, 19 MAR 2009
... excessive bonuses. Under legislative reforms announced yesterday, the Rudd Government will change a section of the Corporations Act to reflect that a company must get shareholder approval for any termination payments given to a departing executive if ...

Restrict 'adviser' term: AFA

MICHAEL HOBBS  |  THURSDAY, 19 MAR 2009
... 'adviser' to those that are regulated by the Australian Securities and Investments Commission (ASIC) and comply with the Corporations Act. "The problem at the moment is that anyone offering advice in the financial space including accountants, mortgage ...

Seize the pay

MICHELLE BALTAZAR  |  TUESDAY, 17 MAR 2009
... shareholder value. Shareholders are currently powerless to block multi-million dollar termination payments because the Corporations Act states that shareholder approval is not required for termination payments up to as much as seven times the equivalent ...

Ex-director banned for 25 years

MEDIA RELEASE  |  MONDAY, 16 MAR 2009
... of the Sydney Investment House Group (SIH Group), was banned by the Supreme Court of New South Wales from managing corporations for 25 years. Following an investigation and proceedings commenced by the Australian Securities and Investments Commission ...

ASIC keeps short selling ban

MICHAEL HOBBS  |  THURSDAY, 5 MAR 2009
... Chris Pearce, said ASIC's decision reflects the government's inability to regulate a disclosure regime. He said the Corporations Amendment (Short Selling) bill, which was passed four months ago, doesn't provide adequate detail which means ASIC is forced ...