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Showing 181 - 190 of 1369 results for "Corporations"

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. ...

Sequoia chief learns his fate at EGM

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... purchased additional shares in the company resulting in an increase in collective voting power above 20% which breached Corporations Act section 606. The stoush was made messier by Jones and Glennon hoping to elect Brent Jones - son of Tony Jones - as ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... Judge Jackman concluded that "it is appropriate that no penalty be awarded" and the company should be relieved under Corporations Act s 1317S, which is the relief from liability for contravention of civil penalty provision. "Even if I had not granted ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... people's livelihood. The Judge also highlighted his lack of effort to make restitution to his victims. Under the Corporations Act and the National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... 2018 to 31 March 2021, breached various financial services laws and failed to understand his obligations under the Corporations Act as an adviser, according to an ASIC investigation. ASIC found he failed to provide advice that was appropriate to clients ...