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Showing 151 - 160 of 1369 results for "Corporations"

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... the proposed changes in a bill to parliament. Federal member for Forde, Bert van Manen, yesterday introduced the Corporations Amendment (Streamlining Advice Process) Bill 2024 in a bid to reduce red tape for advisers, alleviate the hefty cost of producing ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... investigation concerns suspected market manipulation and contraventions of a number of provisions of the ASIC Act and the Corporations Act." Longo did however comment on an expanded investigation effort by ASIC in August this year, suspecting "contraventions ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... apply thresholds of $2.5 million in net assets or $250,000 income, instead of the $10 million limit specified in the Corporations Act 2001 for superannuation products. This misclassification exposes clients to unsuitable advice," AFCA said.

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... AFCA senior ombudsman for investments and advice Alex Sidoti said the Conflicts Priority Rule under 960 1J of the Corporations Act has become one of the major themes that emerged from the deluge of complaints relating to Dixon Advisory. The law states ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... Financial Outcomes (DBFO) Bill, where the service of dealing was unintentionally not captured by this reform. The ASIC Corporations (Amendment) Instrument 2024/809 amends the ASIC Corporations (Financial Services Guides) Instrument 2015/541 to address ...

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) ...