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Showing 141 - 150 of 1333 results for "Corporations"

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... circumstances that "were unacceptable because (among other things) there have been contraventions of s606..." Section 606 the Corporations Act prohibits on certain acquisitions of relevant interests in voting shares. The combined voting power of the ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... advisers had "approved" qualifications when referring to a bridging course. "These may be listed in the determination [Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2021] but are required to be coupled with ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... were also corporate authorised representatives of Guildfords. Last November, ASIC disqualified Atkins from managing corporations for five years and banned him for 10 years from providing financial services and engaging in credit activities. He has been ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... made to AFCA even if the complaint does not meet the definition of a "superannuation complaint". Section 1053 of the Corporations Act sets out several definitions for a superannuation complaint. This includes the trustee making a decision relating to ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... according to the Financial Advice Association Australia (FAAA). In its submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into Financial Abuse, the FAAA put forward seven key recommendations to help reduce ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... of its decision to be wound up. The MDP had reasonable grounds to believe that Ascot had breached s798H(1) of the Corporations Act by repeatedly violating market integrity rules. These breaches included entering a client's orders onto the ASX that it ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... and workforce participation." Wilson said along with poor perceptions of the efficiency of Australia's large corporations (52nd), the report highlights the important role businesses have to play in driving national competitiveness and productivity. ...

Vale Garry Wyatt

KARREN VERGARA  |  MONDAY, 17 JUN 2024
... maintaining financial discipline, contributing to Insync's growth and success," the firm said. Wyatt worked for major corporations such as WMC Resources (BHP), Lion Nathan (Toohey's) and United Distillers (Guinness Plc) during his 47-year career. ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... to invest in the offer. This is ASIC's first use of its stop order powers in relation to a CSF offer under the Corporations Act 2001 (Corporations Act). ASIC acted in relation to Hirehood's use of a nominee arrangement, the regulator said. "This ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... shoes of staff as a subrogated creditor and is entitled to claim in the liquidation as a priority creditor under the Corporations Act 2001. The FEG has been in operation since 5 December 2012, while the Recovery Program came into effect three years later. ...