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Showing 231 - 240 of 833 results for "Corporations Act"

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.

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... to FY18. They are the first auditors in Australia to be hit with criminal charges under section 989CA of the Corporations Act. The CDPP found that EC Audit failed to understand Halifax's business and failed to design appropriate tests to identify material ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
The government yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent. Under the amendment, companies and directors will be liable for continuous ...

Clime wants director removed

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... prior to Annick Donat taking the top job. The EGM statement reads: "That, in accordance with section 203D of the Corporations Act and for all other purposes, Mr Neil Schafer be removed as a director of Clime Investment Management Limited with effect ...