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Showing 141 - 150 of 222 results for "Constitution"

Wellington forced to pay ASIC's cost of appeal

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... ASIC appealed. Wellington will now have to pay ASIC the cost of the legal proceedings despite the fact that the PIF constitution gives it the right to indemnification. "Unless Wellington obtains the consent of the unit holders, it will not be entitled ...

Ghosts? What ghosts?

BENJAMIN ONG  |  THURSDAY, 4 JUL 2013
... Egypt's military has removed President Mohamed Mursi after he refused to step down. The military also suspended the constitution and called for early presidential elections. And with instability in the Middle East comes the ghost of higher oil prices. ...

ASIC continues proceedings against Wellington Capital

LAURA MILLAN  |  TUESDAY, 11 JUN 2013
... showed concern over the fact that the resolutions would involve winding up PIF, which would be a breach of the fund's constitution. The resolution might also include a retirement of Wellington as the responsible entity of the PIF, and the implementation ...

ASIC updates MIS guidance

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
... clients, the withdrawal rights of members of the scheme, how to wind up the scheme and the legal enforceability of the constitution. "There will be a transition period of three months to allow operators of schemes and their advisers to consider the updated ...

PIPA suspends Money Choice director

JAMES FERNYHOUGH  |  MONDAY, 20 MAY 2013
... who acts unlawfully and not within the best interests of their clients," PIPA chair Ben Kingsley said. "Under our constitution, Money Choice and Mr George as sole director may also face financial penalties for willfully refusing or neglecting to comply ...

2011 and 2012 Redux?

BENJAMIN ONG  |  MONDAY, 8 APR 2013

SMSFs warned over incapacity planning

BEN COLLINS  |  MONDAY, 18 FEB 2013
... documents, even if a member is incapacitated. He also warned that SMSF trustees need to be aware of what rules the constitution of their fund sets out about shareholder control of the fund, and whether directors of the fund retain enduring power of attorney ...

Guidance sought on Wellington's share distrib plans

MARK STORY  |  MONDAY, 15 OCT 2012
... unitholders. Such a distribution results in each individual unitholder becoming a shareholder in ARL. ASIC asserts that the constitution of the PIF does not permit Wellington to distribute the ARL shares to PIF unitholders, and has applied to the court ...

Spanish fly

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2012
... announced Outright Monetary Transactions. Germany's court found that the EFSF/ESM is in accord with the country's constitution. The US Federal Reserve set QE3 in motion. Even those we didn't expect to do did. The Bank of Japan announced APP (asset purchase ...

The pain in Spain does not fall mainly on the plain

BENJAMIN ONG  |  THURSDAY, 27 SEP 2012
... Mario announced OMTs last 6 September. But while the threat of Catalonia's secession might be just that - Spain's Constitution dictates that this must be approved by Madrid -- it reverberates up to that overriding issue of unity within the Eurozone. ...