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Showing 1271 - 1280 of 3918 results for "law"

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... inducing persons to deal (s1041F), and dishonest conduct (1041G)," the spokesperson said. In response to the passage of laws, law firm Ashurst provided an analysis in April. It clarified that ASIC can now be passed stored communications like voicemails ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
A Californian penny stock trader is in trouble with the law after he claimed a company he was trading stocks in had developed a special COVID-19 test. The US Securities and Exchange Commission (SEC) has filed a complaint against Jason Neilson, saying ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
Hamilton Blackstone Lawyers managing director Cristean Yazbeck has argued that ASIC is mainly concerned with its own reputation and the media releases it can put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... CBA took steps to address the harm that the conduct caused and, importantly, made admissions as to its contraventions of the law at the first possible opportunity in the litigation," he said. "ASIC's expectation of the entities that it regulates ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time. Stakeholders have been given just one week to respond to the government's ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... risk for that institution. The confidential information you have asked for is not required to be published under applicable law." IFM said it would assist the committee in their work but "respectfully suggest[s]" a wider enquiry. "It is not clear why ...

Charities call for further stimulus

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
Charities have called on the government to plan for a gradual transition of its stimulatory payments so as to avoid the loss of more than 200,000 jobs in the sector. New research from Social Ventures Australia (SVA) and the Centre for Social Impact ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... an Australian financial services licence (AFSL) is required to provide advice. FPA chief executive Dante De Gori said the law should be changed to focus the AFSL system on the regulation of financial products, rather than requiring AFSLs to cover the ...

Chief economist update: What to expect when you're expecting

BENJAMIN ONG  |  TUESDAY, 2 JUN 2020
... inflation is 1 to 1.5% in 2021 and gradually picks up further from there." Like I said, it's still early days. Murphy's Law could still take hold in the form of a second wave that would prompt the re-enforcement of isolation and lockdown measures ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
Vasco Trustees and ASIC had grave concerns about the financial position of Mayfair 101 for months before receivers were appointed to IPO Wealth, according to court filings. Filings from Vasco Trustees, the trustee for the IPO Wealth Fund, in the Supreme ...