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Showing 261 - 270 of 1335 results for "Corporations"

ASIC revisits IDPS sunsetting orders

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... These class orders provide relief for IDPS' and IDPS-like schemes, enabling them to adapt the requirements of the Corporations Act 2001 to suit their specific structures. The class orders address investor-driven investment and ensure a segregated portfolio ...

Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... medium enterprises are around twice as likely to default on their loans compared to mortgage customers and large corporations. Despite the narrowing spread between small and large business interest rates, recent increases in lending rates could have ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... reissue pre-DDO policies in circumstances that have a low risk for consumer harm. Life insurers can refer to ASIC Corporations (Design and Distribution Obligations-Reissued Life Policies Class Exemption) Instrument 2023/183 for more information. It will ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... firm to be appointed as trustee under new general note authority granted by ASIC under section 283AC(1)(f) of the Corporations Act. MSC group managing director Matthew Fletcher said: "This is a fantastic development for Australian companies seeking to ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... forward looking statements and "reasonable grounds"; assurance and how the reporting regime would fall under the Corporations Act. "This move would bring Australia in line with other countries, such as the EU and UK, New Zealand and the US, which is ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... advice provided to a retail client by an adviser who did not comply with the relevant conduct obligations in the Corporations Act, such as the obligations to give appropriate advice or to act in the best interests of the clients, at the time the advice ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... dating back to 2001. This was not a FoFA reform, so there can be no FoFA argument against this," he said. While the Corporations Act places a heavy reliance on disclosure, research conducted by ASIC questions its value, Anderson explained. "Clearly long ...

ASIC charges former investment company executives

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
... August 2018 about the payments to John Bridgeman. According to ASIC, the conduct was in violation of s 1309 of the Corporations Act. At the time of the alleged misconduct, dishonest breaches of directors' and officers' duties and knowingly providing ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... advice during their life to assist them. In the final proposals released in February, Levy recommended amending the Corporations Act to allow for all financial product advice to be considered personal financial advice. This includes enabling super funds ...

Financial Circle director convicted, fined

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
... the running of Financial Circle from August 2017 to September 2018 despite having been disqualified from managing corporations by the watchdog for two and a half years in 2016. The 2016 ban was due to his involvement in two companies - FP Investment ...