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Showing 121 - 130 of 1334 results for "Corporations"

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
... industry funding levies owed to ASIC; and/or ceasing its financial services business. Stated under section 912A of the Corporations Act, AFSL members must be a member of the Australian Financial Complaints Authority (AFCA) and they need to also comply ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... issue is still on the agenda" and potential changes may well be in the future. The Parliamentary Joint Committee on Corporations and Financial Services is currently looking into the sustainability of the wholesale investor tests, which are now 22 years ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... redemptions. Since July 2023, ASIC has been undertaking an investigation into suspected contraventions of provisions of the Corporations Act 2001 in relation to the affairs of ISG. ASIC said the investigation is ongoing. On 10 September 2024, ISG appointed ...

GSFM welcomes new chair

MATTHEW WAI  |  WEDNESDAY, 2 OCT 2024
... investment banking, and he has been involved in a wide array of capital markets transactions for several leading corporations." Johanson has a proven track record sitting in boardrooms across the industry. He was previously the chair of Bendigo and Adelaide ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... historically posed little risk to the financial system owing to its smaller footprint in funding Australian banks and corporations, limited use of leverage, and steady inflows of defined contributions that simply pass-through (rather than guarantee) ...

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... personal advice record keeping requirement instruments for another five years. The regulator has established ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2024/620 and ASIC Corporations Record-Keeping Requirements for ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty on Daly and banned him from managing corporations for five years for breaching directorship obligations. Justice Jackman affirmed rulings heard before Justice O'Callaghan ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... linked to McWilliams may have been operating without an Australian financial services licence, possibly breaching the Corporations Act. Additionally, he pointed out that several companies involved, along with McWilliams, may have engaged in fraudulent ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... Dixon Advisory in 2021, alleging 51 instances of bad financial advice that breached the best interests duty under the Corporations Act. ASIC ultimately settled for a $7.2 million penalty and $1 million to cover its legal costs. The amounts have yet to ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... offences of engaging in dishonest conduct in relation to a financial product or financial service contrary to s1041G Corporations Act 2001 (Cth); An offence of carrying on an unlicensed financial services business contrary to s 911A Corporations Act ...