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Showing 231 - 240 of 1369 results for "Corporations"

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... accounting standard. The legislation would amend the Australian Securities and Investment Commission Act and the Corporations Act. Under the proposed legislation, entities who meet two of the three criteria - revenue of $500 million or more, assets of ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... multi-millionaires and billionaires locally. The government should also introduce a permanent windfall profits tax on big corporations, it said. Fossil fuel subsidies should also be ended, it suggested.

Centuria REIT valuation dives $124m

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2024
... accommodation, which continues to attract high-quality tenants, including government, ASX-listed and multinational corporations." "The geographically diversified portfolio provides a staggered lease expiry profile underpinned by strong tenant covenants. ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... ordered that Nielsen and Williams each pay a $100,000 penalty for their involvement. They are also banned from managing corporations for four years. Raftery will pay a $40,000 penalty and be banned from managing a corporation for three years. The trio ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... period or cancelled," the corporate regulator said. ASIC has been investigating Prospero for suspected breaches of the Corporations Act. Its investigation commenced on 16 November 2023 and is looking back as far as 1 March 2021. In December, Prospero ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... knowledge, not information withheld by the group. In all, it was determined that Insignia did not contravene the Corporations Act, nor did it "engage in misleading or deceptive conduct by silence." Shine Lawyers acknowledged the court's decision ...

Treasury to refresh financial adviser exam

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... make it more flexible. The consultation, which is open until 10 January 2024, is proposing several changes under the Corporations (Relevant Providers-Education and Training Standards) Amendment (2023 Measures No. 1) Determination 2023. Treasury wants ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Health). The proceeding, due to take place in the Federal Court, seeks orders to disqualify Blumenthal from managing corporations for five years and impose a pecuniary penalty. ASIC alleged that he facilitated loans from his private company Anglo Menda ...

FSCP issues another registration prohibition order

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... prioritise the client's interests". The panel has the power to make a registration prohibition order under s 921L(1)(c) Corporations Act 2001. ASIC on the other hand has more extensive banning orders under sections 920A & 920B. The FSCP recently hit ...

Mild recession in 2024, higher interest rates: Vanguard

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... higher-rate environment depresses asset price valuations across global markets while squeezing profit margins, as corporations find it more expensive to issue and refinance debt," Vanguard said. In the next year, Vanguard projects global equities for ...