Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 261 - 270 of 807 results for "Corporations Act"

ASIC takes iSignthis to court

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
ASIC alleges iSignthis breached the Corporations Act by failing to disclose material information in relation to three integration arrangements and failing to tell the ASX that VISA terminated its relationship over suspicious transactions. The corporate ...

Director charged with dishonest conduct

ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
... with two counts of failing to exercise his power as a director and discharge his duty in good faith under the Corporations Act. Naseeruddin's Secure Investments marketed itself as a direct property development investor and received around $2.4 million ...

FASEA reveals October exam results

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... congratulated the successful candidates for completing an important component of their education requirements under the Corporations Act during these extraordinary circumstances. "Over 11,690 advisers have sat the exam with nine in 10 demonstrating they ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... hold an AFSL. For example, an exemption can be claimed through section 911A(2)(a) and section 911A(2)(b) of the Corporations Act. These are the authorised representative and intermediary authorisation exemptions. "A trustee of an unregistered scheme ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
A court has found Theta Asset Management and its managing director contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty to 15 offences under the Corporations Act and was committed to the Sydney District Court for sentencing. The case against Hopkins alleged that between 14 October 2016 ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... against Rest's trustee alleged that he had a right to certain information pursuant to section 1017C of the Corporations Act.The information McVeigh was interested in related to the impacts climate change could have on his retirement savings with ...

Challenger shareholders revolt against remuneration

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... meaning it was approved but faced a 'first strike' as more than a quarter voted against it, under the Corporations Act amendments that came into effect in 2011. If 25% or more shareholders vote against Challenger's remuneration report again ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... Court has ordered the winding up of Secure Investments and Aquila Group after Mudasir Naseeruddin breached the Corporations Act by operating a financial services business without holding an Australian financial services licence (AFSL). ASIC alleges Beresford ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... pay $30,000 in addition to further AFS licence conditions imposed by ASIC. The bank breached s993B(1) of the Corporations Act (the Act) on two separate occasions by receiving client money and not depositing it into an authorised deposit-taking institution ...