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Showing 241 - 250 of 807 results for "Corporations Act"

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... representatives to provide clients with disclosures on lack of independence where they would breach section 923A of the Corporations Act or if they have used words such as "independence", "impartial" or "unbiased in marketing material. And finally, written ...

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... understanding and regard for compliance given his role in the business. Yoshai was involved in Forex CT's breaches of the Corporations Act including failing to do all things necessary to ensure the financial services were provided efficiently, honestly ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... financial advice regulatory and legal obligations questions - particularly in relation to documentation, the Corporations Act and differentiating personal and general advice. Another area of difficulty was applied ethical and professional reasoning and ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
Lawyers for Commonwealth Bank (CBA) and Colonial First State (CFS) in its ongoing case against ASIC have told the court the parties have no intention of admitting to any contraventions in relation to Essential Super and an alleged $22 million in conflicted ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... its own investigation into whether the conduct giving rise to the allegations amounted to contraventions of the Corporations Act. APRA said the delegation was done to avoid both agencies separately investigating and potentially litigating related matters. ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... declarations about aspects of TAL's conduct it saw as misleading, deceptive and in contraventions of the ASIC Act, Corporations Act and Insurance Contracts Act. The court documents also show in January 2021, TAL's lawyers Gilbert+Tobin argued ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... actions against Rest and Statewide Super, ASIC is seeking pecuniary penalties, alleging the funds breached the Corporations Act and ASIC Act. In December 2020, the Financial Sector Reform (Hayne Royal Commission Response) Bill was passed, delaying the ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... ASIC's claims that from around 25 September 2015 to around 30 March 2018, Dover breached several sections of the Corporations Act because the policy contained a clause that did not provide the maximum protection available to clients, and instead ...

ASIC takes Statewide Super to court

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
... November 2018 the leadership team knew it was to determine whether the issue was reportable to ASIC under the Corporations Act. ASIC says that deducting premiums for cancelled insurance cover deprived the impacted members of the value of the premiums ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... compliance failures at the trading platform and that CommSec and AUSIEX breached the market integrity rules, Corporations Act and ASIC Act. ASIC alleges the conduct spanned a significant period of time and involved failures across multiple systems and ...