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Showing 231 - 240 of 807 results for "Corporations Act"

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... is in liquidation - will see the corporate regulator in the Federal Court for several alleged breaches of the Corporations Act 2001. Between 26 October 2015 to 27 August 2018, ASIC alleges that Equiti FS paid three advisers bonuses worth $164,750 for ...

Super fund whistleblower policies lacking: ASIC

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... element when explaining how potential whistleblowers can report their concerns and qualify for protection under the Corporations Act," she said. Press said ASIC has also observed that superannuation trustees in particular are not making their whistleblower ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... set out in RG 271 introduced last July. Under it, efficient complaints handling became an obligation under the Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... $16,710,669 from retail investors from five defective product disclosure statements for the trust that breached the Corporations Act. The documents were found to be misleading and deceptive, and omitted statements and information that should have been ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... PE Capital and its unregistered schemes and obtain declarations that the company acted in contravention of the Corporations Act. ASIC's investigation into PE Capital is ongoing. PE Capital is based in Victoria. Several investors have warned online ...

Low FASEA pass rate continues

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Over 15,200 advisers have sat the exam with nine in 10 demonstrating ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... was fined $57.5 million over fees for no service after NULIS admitted to misleading members and breaching the Corporations Act. NULIS itself copped $8 million of the fine. Earlier this year, NULIS was named in a class action brought by Maurice Blackburn ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... must convene a FSCP "if it reasonably believes that a financial adviser has breached their obligations under the Corporations Act, and for which ASIC does not make, or propose to make, a banning order". The panel may also issue an infringement notice ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... to wind up the Goldsky companies. Then in 2019, the Queensland Supreme Court declared Goldsky had breached the Corporations Act by operating a financial services business without an Australian Financial Services licence. The US Securities and Exchange ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... handling and settling services were previously excluded from the definition of 'financial service' in the Corporations Act 2001 and persons who provided these services were not required to hold an AFSL or be an authorised representative. This ...