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Showing 101 - 110 of 813 results for "Corporations Act"

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... AFCA even if the complaint does not meet the definition of a "superannuation complaint". Section 1053 of the Corporations Act sets out several definitions for a superannuation complaint. This includes the trustee making a decision relating to a particular ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... its decision to be wound up. The MDP had reasonable grounds to believe that Ascot had breached s798H(1) of the Corporations Act by repeatedly violating market integrity rules. These breaches included entering a client's orders onto the ASX that it should've ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... invest in the offer. This is ASIC's first use of its stop order powers in relation to a CSF offer under the Corporations Act 2001 (Corporations Act). ASIC acted in relation to Hirehood's use of a nominee arrangement, the regulator said. "This ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... of staff as a subrogated creditor and is entitled to claim in the liquidation as a priority creditor under the Corporations Act 2001. The FEG has been in operation since 5 December 2012, while the Recovery Program came into effect three years later. ...

Sequoia chief learns his fate at EGM

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... additional shares in the company resulting in an increase in collective voting power above 20% which breached Corporations Act section 606. The stoush was made messier by Jones and Glennon hoping to elect Brent Jones - son of Tony Jones - as the new ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... Jackman concluded that "it is appropriate that no penalty be awarded" and the company should be relieved under Corporations Act s 1317S, which is the relief from liability for contravention of civil penalty provision. "Even if I had not granted that ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... people's livelihood. The Judge also highlighted his lack of effort to make restitution to his victims. Under the Corporations Act and the National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... to 31 March 2021, breached various financial services laws and failed to understand his obligations under the Corporations Act as an adviser, according to an ASIC investigation. ASIC found he failed to provide advice that was appropriate to clients ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... the future. Under the AFSL, Everest had authority to advise and deal in managed investment schemes. "Under the Corporations Act, ASIC may suspend or cancel an AFS licence if a licensee fails to meet its general obligations under s912A. This includes ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... admitted to providing unlicensed financial services on behalf of another person contrary to section 911B (1) of the Corporations Act, which is the provision of financial services on behalf of a person who carries on a financial services business. He ...