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Showing 251 - 260 of 807 results for "Corporations Act"

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... Commonwealth Director of Public Prosecution (CDPP) on criminal immunity. This is for some contraventions of the Corporations Act. It has set up a hotline (+612 9911 5008), an email ( [email protected] ) and an online form for people to report. ASIC ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under Corporations Act section 674, relaxing a listed company's decision on continuous disclosures that will not attract liability unless there ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... general obligation as a financial services licensee to comply with financial services laws, in contravention of the Corporations Act. CBA admitted that from 1 December 2014 to 31 March 2018 it provided customers with terms and conditions for certain ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... to super switching was personal advice, consistent with the definition outlined in section 766B(3)(b) of the Corporations Act. As a result of the campaigns, Westpac increased its funds under management by $650 million between January 2013 and September ...

ASIC policy on debenture trustees inconsistent: MSC

KANIKA SOOD  |  FRIDAY, 29 JAN 2021
... inconsistent in applying its policies while approving applications to act as a trustee under the s238GB of the Corporations Act. The section lays the requirements for trustees of unlisted debenture insurers including how much personal indemnity insurance ...

AFCA forced into rule change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... reflect the same statutory liability for licensees regarding their authorised representatives as set out in the Corporations Act and the National Consumer Credit Protection Act. The new rules will come into effect from 13 January 2021, but complaints ...

WAM sees court win over Keybridge

ELIZA BAVIN  |  FRIDAY, 8 JAN 2021
... proceedings, to have the court extend the time upon which it was able to have given Keybridge notice under s630 of the Corporations Act," Keybridge said in a statement. "The implications of the late notice were that WAM Active would not have been able ...

FASEA exam results for November 2020

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Over 12,573 advisers have sat the exam with 9 in 10 demonstrating they ...

Australia bottoms out on fund disclosure

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... global best practices for the disclosure of portfolio manager names, fund ownership, and compensation. "Australian Corporations Act amendments that would require super trustees to publish portfolio holdings online were due to come into effect on 31 December ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... have to disclose any lack of independence in writing, as foreshadowed by recommendation 2.2. The new law cites Corporations Act section 923A(2) of what an "impartial" or "independent" adviser is: does not receive a commission, remuneration based on the ...