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Showing 171 - 180 of 806 results for "Corporations Act"

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... back to 2001. This was not a FoFA reform, so there can be no FoFA argument against this," he said. While the Corporations Act places a heavy reliance on disclosure, research conducted by ASIC questions its value, Anderson explained. "Clearly long and ...

ASIC charges former investment company executives

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
... August 2018 about the payments to John Bridgeman. According to ASIC, the conduct was in violation of s 1309 of the Corporations Act. At the time of the alleged misconduct, dishonest breaches of directors' and officers' duties and knowingly providing ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... during their life to assist them. In the final proposals released in February, Levy recommended amending the Corporations Act to allow for all financial product advice to be considered personal financial advice. This includes enabling super funds to ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... conflicted advice of the banks and super funds." Among her proposals, and as anticipated, Levy suggested amending the Corporations Act to allow for all financial product advice to be considered personal financial advice and for super funds to provide ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... financial advice, Michelle Levy maintains. As previously flagged in the draft proposals, Levy has suggested the Corporations Act be amended to provide that personal financial advice be provided by a relevant provider where it is provided by an individual ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... reflecting the general law. It will not include a safe harbour. As previously proposed, the report states that the Corporations Act should be amended to provide that personal financial advice be provided by a relevant provider where it is provided by ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... CHESS, which will be audited by Ernst & Young. This is the first time ASIC has used its delegated power under the Corporations Act 2001 against an operator of a licensed market infrastructure for the purposes of auditing the support and maintenance of ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
... respectively of using their positions dishonestly for the benefit of another, contrary to s184(2)(a) and (b) of the Corporations Act. The matter has been adjourned to 28 February 2023. The Commonwealth director of public prosecutions is prosecuting the ...

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
... negatively impacts the affordability and accessibility of financial advice for consumers." She noted that the Corporations Act contains duplicated requirements applying to the individual planner, either directly or via obligations placed on the licensee. ...

Chuck out Chapter 7: Broome

CHLOE WALKER  |  THURSDAY, 24 NOV 2022
Ex-FPA chair Marisa Broome believes that when it comes to regulation for advisers, Chapter 7 of the Corporations Act is not fit for purpose. Addressing the crowd at the FPA Congress 2022, Broome said that for 90% of what she does as a planner, she doesn't ...