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Showing 251 - 260 of 1369 results for "Corporations"

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... APC Securities). ASIC said it is actively targeting breaches of financial reporting obligations as required by the Corporations Act. "Failure to lodge audited financial statements may result in cancellation of a licensee's Australian financial services ...

Campbell Lutyens opens local office

ELIZABETH FRY  |  MONDAY, 30 OCT 2023
... held board positions at regional Australian airports, seaports, power generation companies and timber plantation corporations Speaking on the appointment, Campbell Lutyens chief executive Andrew Sealey said: "We are delighted to expand further into Asia-Pacific. ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... global attractiveness and competitiveness of their funds management sectors." The CCIV was established under the Corporations Act in July last year to boost Australia's share of global funds, more closely matching its strengths as a financial services ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... earned less than $80,000 a year. In recent years, ASIC has also successfully brought proceedings for breach of the Corporations Act against several CFD licensees operating in Australia, with penalties in excess of $75 million. In May the regulator issued ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... change takes effect from October 20 and is part of ASIC's amendments to licensees' obligations under ASIC Corporations and Credit (Amendment) Instrument 2023/589. Licensees now have a longer timeframe from "when they first know that, or are reckless ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... relevant provisions of the legislation. "As a result, I am convinced that the applicant has breached s 911C of the Corporations Act, a financial services law. This contravention alone justifies the discretion to impose a ban under s 920A(1)(e) of that ...

I can only apologise: PwC boss

CASSANDRA BALDINI  |  THURSDAY, 12 OCT 2023
... proposals have no teeth. "They offer no transparency, and none of the obligations that exist for the hundreds of corporations out there in Australia who are required to tell the Australian public how they are governing themselves and what their outcomes ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... lenders account for 5% of the financial system's total assets, issued in equal parts by registered financial corporations (RFCs) and managed investment funds (including hedge funds). Credit provided by managed investment funds topped $240 billion ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... The plaintiffs argue that AMP was obliged to disclose such information when it first became aware of it under the Corporations Act, and consequently resulted in losses to shareholders who purchased or acquired an interest in the securities between 10 ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... came under the watchdog's surveillance in March last year, after concerns were raised that it breached both the Corporations Act 2001 and the ASIC Act. Court documents state that the alleged breach was connected to Provide's offering of investment ...