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Showing 221 - 230 of 1107 results for "Notice"

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... representations were factually incorrect. BME paid the infringement notices on 3 January 2023. Payment of an infringement notice is not an admission of guilt or liability, ASIC noted. "ASIC issued eight infringement notices for alleged greenwashing in ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
ASIC and the Reserve Bank of Australia (RBA) have acted to ensure the ASX keeps the current CHESS until a replacement is successfully administered. ASIC issued notices to the ASX requiring it to produce a special report regarding the ongoing operation ...

ASIC commences proceedings over failure to comply

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... trades as Provide Capital, seeking the court's intervention under s70 of the ASIC Act. ASIC said it previously served a notice to produce documents on Provide Capital as part of an ongoing investigation. ASIC has alleged Provide Capital failed to produce ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
Vanguard Investments has become the first investment manager to be fined by ASIC over greenwashing. Vanguard paid $39,960 to comply with three infringement notices related to product disclosure statements (PDS) for the Vanguard International Shares ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
Crescent Wealth has responded to a significant event notice that said the fund's estimated costs weren't calculated or disclosed correctly, calling the coverage of its errors "misrepresented." Equity Trustees, the trustee of Crescent Wealth ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
ASIC chair Joe Longo said the market regulator is currently investigating several listed companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating ...

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... communication to shareholders, members and the broader market is accurate and has a reasonable basis. "Companies are on notice that ASIC is actively monitoring the market for potential greenwashing and will take enforcement action, including Court action ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
At the Commonwealth Bank Global Markets conference, Reserve Bank of Australia (RBA) assistant governor Christopher Kent said inflation is too high in most economies, reflecting disruptions to supply coupled with strong demand. In his presentation, Kent ...

Draft SMSF auditor registration regulations to update fees, language

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
The government is consulting on the Superannuation Auditor Registration Imposition Regulations 2022, aiming to remake and improve the 2012 Regulations by changing the amounts of fees payable to ASIC, and language about indexation methods. The 2012 Regulations ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
The Federal Reserve has invited public comment on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large bank failures. The Fed said recent merger activity and growth has increased the size of large US banking organisations ...