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Showing 171 - 180 of 607 results for section

WAM calls to remove Aurora as RE of listed trust

ALEX BURKE  |  TUESDAY, 20 FEB 2018
... that "this is not a decision we have taken lightly," adding: "As the responsible entity for AIB, Aurora has a duty under section 601FC(1)(c) of the Act to act in the best interests of all AIB members and, if there is a conflict between members interests ...

Court shuts down listed investment manager lawsuit

ALEX BURKE  |  FRIDAY, 8 DEC 2017
... are associated with one another, and because their combined shareholding in Molopo is 37.33%, this is a contravention of section 606 of the Corporations Act. Molopo's response to Keybridge suggested the latter was seeking the removal of incumbent directors ...

Mastering education skillsets will be long-term: Research

JAMIE WILLIAMSON  |  THURSDAY, 12 OCT 2017
... Tucker said advisers can interpret the new framework; as a competency set required to be an adviser as described by a cross-section of the industry validating what many already believe. Alternatively, he views it as a picture of the DNA underpinning ...

CBA climate risk court case abandoned

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
... claims "untrue" and said its 2016 and 2017 annual reports were both compliant with statutory reporting obligations. "The section in the 2017 annual report regarding climate change as a business risk was the result of careful and extensive consideration ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... additional information required from an adviser when replacing one product with another was not present - a breach of section 947D of the Corporations Act. In addition, the regulator stated there appeared to be a lack of detailed enquiry into the client's ...

Sydney RE to pay for false ads

JAMIE WILLIAMSON  |  MONDAY, 17 JUL 2017
... misleading. Huntley also consented to - and was accused by the Federal Court - of two instances in which it contravened section 12DB of the Australian Securities and Investments Commission Act 2011. As such, and in addition to the penalty, Huntley was ...

The Trump risk on global trade

BENJAMIN ONG  |  FRIDAY, 14 JUL 2017
... it. It'll stop." "There are two ways - quotas and tariffs. Maybe I'll do both." Trump has every right to do so under 'Section 421 of the Trade Act of 1974 (China-Specific Safeguards)' which specifies that: "If a product of the People's Republic of China ...

Super trustees on notice over fund disclosure

DARREN SNYDER  |  WEDNESDAY, 5 JUL 2017
... recently wrote to 21 superannuation trustees who failed to meet "Transparency Information" requirements in relation to section 29QB of the Superannuation Industry (Supervision) Act 1993 (SIS Act). Transparency information (TI) requires super trustees ...

FPA supports ASIC independence definition

KARREN VERGARA  |  FRIDAY, 30 JUN 2017
... remove terms such as 'independently owned', 'non-aligned' or 'non-institutionally owned' if they are contravening this section of the Act.

Independence definition too restrictive: AFA

ALEX BURKE  |  WEDNESDAY, 28 JUN 2017
... too restrictive. Kewin's comments follow yesterday's news that the regulator had received legal advice with respect to Section 923A of the Corporations Act, concluding that phrases such as "independently owned", "non-aligned" and "non-institutionally ...