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Showing 211 - 220 of 1333 results for "Corporations"

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income tax ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... transition planning. Climate-related financial disclosure requirements would be drafted as civil penalty provisions in the Corporations Act. It is suggested this would "reduce uncertainty for reporting entities and encourage companies to take best efforts ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... improve the benchmark of financial reporting, ensuring compliance with legal standards. To monitor adherence to the Corporations Act 2001 and Australian Accounting Standards, the regulator frequently conducts risk-based reviews of financial statements ...

NAB commits to $1bn of lending to boost First Nations businesses

CASSANDRA BALDINI  |  TUESDAY, 31 OCT 2023
... are looking at innovations with our product offering, and externally, we're looking at partnerships with other corporations, government, and philanthropic organisations to make sure we find and deliver better capital to this market," he said. NAB ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... APC Securities). ASIC said it is actively targeting breaches of financial reporting obligations as required by the Corporations Act. "Failure to lodge audited financial statements may result in cancellation of a licensee's Australian financial services ...

Campbell Lutyens opens local office

ELIZABETH FRY  |  MONDAY, 30 OCT 2023
... held board positions at regional Australian airports, seaports, power generation companies and timber plantation corporations Speaking on the appointment, Campbell Lutyens chief executive Andrew Sealey said: "We are delighted to expand further into Asia-Pacific. ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... global attractiveness and competitiveness of their funds management sectors." The CCIV was established under the Corporations Act in July last year to boost Australia's share of global funds, more closely matching its strengths as a financial services ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... earned less than $80,000 a year. In recent years, ASIC has also successfully brought proceedings for breach of the Corporations Act against several CFD licensees operating in Australia, with penalties in excess of $75 million. In May the regulator issued ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... change takes effect from October 20 and is part of ASIC's amendments to licensees' obligations under ASIC Corporations and Credit (Amendment) Instrument 2023/589. Licensees now have a longer timeframe from "when they first know that, or are reckless ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... relevant provisions of the legislation. "As a result, I am convinced that the applicant has breached s 911C of the Corporations Act, a financial services law. This contravention alone justifies the discretion to impose a ban under s 920A(1)(e) of that ...