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Showing 101 - 110 of 807 results for "Corporations Act"

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 ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... additional Sequoia shares resulting in increases in collective voting power above 20% in the company and breaches Corporations Act section 606. While Sequoia is not seeking interim orders, the panel said it wants the shareholders to "give Sequoia a corrective ...

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |  FRIDAY, 17 MAY 2024
... consider that any of Crescent Capital Partners or the Crescent Funds control ClearView for the purposes of the Corporations Act," ClearView said.

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... said it understands ASIC is investigating suspected contraventions of several provisions of the ASIC Act and the Corporations Act but did not elaborate. "ANZ takes compliance with its regulatory obligations seriously and is co-operating fully with ASIC," ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... Yates said in his decision on May 10 that the applicants could not establish the bank contravened s 674(2) of the Corporations Act, which forces listed entities to commit to continuous disclosure requirements, with respect to knowing about the AML/CTF ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... significant ruling as the first court outcome against a non-cash payment facility involving crypto. BPS violated the Corporations Act by operating without an AFSL and lacked authorisation from a licence holder to issue or provide financial advice about ...

MSC Certane wins Suncorp mandate

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... Exchange (ASX) from 15 May 2024 (ASX: SUNPJ). As the trustee for the notes offer, MSC Group was appointed under the Corporations Act to act on behalf of holders to ensure the issuer can meet its obligations. MSC Group managing director Matthew Fletcher ...