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Showing 121 - 130 of 1369 results for "Corporations"

Union redundancy funds in ASIC's sights

ELIZA BAVIN  |  WEDNESDAY, 25 JUN 2025
ASIC has released a consultation paper to seek feedback on whether the Corporations Act should apply to trade union redundancy funds. Consultation Paper 384, Employee redundancy funds, will seek feedback on whether ASIC should have the power to regulate ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... ombudsman for investments and advice Patrick Hartney say. "AFCA applies the law as it stands. This is spelled out in the Corporations Act, where Section 761G (6) says that when a financial service relates to a superannuation product, the super fund must ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... arrangements (OFAs). It comes as the regulator said it does not intend to take action on a breach of section 962S of the Corporations Act and section 99FA of the SIS Act that it has seen. The issue involved a written consent being given to a client for ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
... the integrity of our progressive tax system, we want to see superannuation and other tax loopholes closed for big corporations and the richest 1%," she said. "This is the most effective tool we have to ensure a more fair and equal society. "When tax ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... of liability. Shine Lawyers, which initiated the class action, alleged QSuper breached its obligations under the Corporations Act 2001 and the Superannuation Industry (Supervision) Act 1993 by failing to properly inform members of changes to life insurance ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... more than $4 million in investor funds. Five counts relate to failing to act in good faith under section 184 of the Corporations Act 2001, amounting to about $2.5 million of investor money. Another five counts relate to falsifying books and annual returns ...

ART promotes high-profile retirement specialist

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... advisory firm. During his tenure, he was the principal advisor to some of the country's largest public and private corporations on pension funds.

Datt Capital sets in motion Koonenberry Gold board spill

KARREN VERGARA  |  TUESDAY, 29 APR 2025
... for board changes, but after being rebuffed by Koonenberry, formally moved resolutions under section 203D of the Corporations Act to remove the two directors. Koonenberry also did not disclose these developments to the market via an ASX announcement ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... determined that Earner was neither a financial product, managed investment scheme, or derivative under definitions of the Corporations Act. The now-defunct Earner product was offered from 17 March 2022 until 16 November 2022. It enabled customers to ...

Mercer promotes wealth management lead

ELIZABETH FRY  |  THURSDAY, 17 APR 2025
... financial services experience included four years at van Eyk, where he managed relationships with major wealth management corporations and headed up the establishment of van Eyk in New Zealand. Additionally, he worked at AMP, serving as national business ...