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Showing 271 - 280 of 1369 results for "Corporations"

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... which looked to investigate if the exchange and its directors' breached obligations under several sections of the Corporations Act. ASIC further clamped down with demands the ASX produce two special reports to make sure that the exchange rectifies ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... cyber-attacks," Kallenbach says. This is driven, in part, by layers of cyber-related regulation, including the Privacy Act, the Corporations Act, and the Security of Critical Infrastructure Act. Moreover, with the recent large scale data breaches in ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... five of the investment schemes and all associated companies and trusts. It also wants Hopkins banned from managing corporations. The regulator already had Hopkins' assets frozen in June 2022, as well as those of The A Team Property Group and Sash ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... ASIC has permanently banned David Sutton from providing any financial services and disqualified him from managing corporations for five years. The regulator also cancelled the Australian financial services licence (AFSL) of McFaddens Securities, now ...

ASX provides clarity on CHESS replacement

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
Responding to suggestions made at the Parliamentary Joint Committee (Committee) on Corporations and Financial Services, the ASX has confirmed no decisions have been made in relation to the CHESS replacement. In a letter to Committee chair Senator Deborah ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... enquired about or considered the client's needs and objectives, the FSCP said. Consequently, several sections of the Corporations Act 2001 Mr. M breached include not acting in the best interests of the client and providing advice that was not appropriate. ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... ASIC revealed that most aren't meeting their legal responsibilities for managing incoming member money as per the Corporations Act 2001. According to the Act, trustees should hold funds in a compliant account until a new or increased interest in a super ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... avoidance, particularly among multinational enterprises. The bill mandates enhanced tax transparency for multinational corporations operating within Australia, making it more difficult for them to avoid paying their "fair share" of taxes. The Treasury ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... regulated very differently to other financial services sectors. Interim Report C wants to simplify Chapter 7 of the Corporations Act and ultimately bring together all the financial advice provisions into a single legislative chapter. Various parts of ...

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... audit sector has been launched following PwC's tax leak scandal. Undertaken by the Joint Standing Committee on Corporations and Financial Services, Senator Deborah O'Neill advised the inquiry will review Australia's big four auditors, but ...