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Showing 241 - 250 of 813 results for "Corporations Act"

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 ...

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 ...