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Showing 201 - 210 of 806 results for "Corporations Act"

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... web financial services legislation, the ALRC makes 16 recommendations and asks eight questions about how the Corporations Act 2001 should be simplified and rationalised in the first of four reports, Financial Services Legislation: Interim Report A. At ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... discussing with selected finfluencers about their responsibilities and business models, and obligations under the Corporations Act. It is also looking at the "limits of acceptable promotion". ASIC found that corporations are using finfluencers to "pump ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... in a standardised approach, while introducing more flexibility for bond issuers. Review of Chapter 2L of the Corporations Act and other regulatory obligations applicable to trustees with the aim of increasing the availability of trustees for the retail ...

Social media pump and dumps gain traction

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
... stocks. It's now issued a reminder that pump and dump activity may amount to market manipulation in breach of the Corporations Act 2001. Pump and dump schemes are defined as a person buying shares in a company and starting an organised program to seek ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... information." He added that ASIC is planning on offering further clarity on records of advice and Chapter 7.7 of the Corporations Act. "The feedback I get from my own staff is that the industry can take an overly cautious compliance approach to these ...

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
Aware Super, AustralianSuper and Hostplus are set to appear before the Standing Committee on Economics' inquiry into common ownership on Monday. Several super funds and IFM Investors will face the inquiry on Monday, with the government saying it ...

AustralianSuper says no incidents of common ownership

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
... portfolio as well as current portfolio holdings and found no incidents of common ownership. It said it used the Corporations Act's substantial holding threshold [5%] and considered at least two of the four largest companies in an industry. "While we ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act." Over 18,140 advisers have sat the exam with approximately nine in 10 demonstrating they have the skills to apply their ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... consumers." In December 2018, the Federal Court ruled that Westpac Securities and BT Funds Management had breached the Corporations Act when recommending customers rollover of superannuation accounts to Westpac/BT products. However, Westpac won as the ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... moving to a single disciplinary body, to additional penalties and sanctions for breaching obligations under the Corporations Act, Rainmaker said.