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Showing 271 - 280 of 813 results for "Corporations Act"

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 ...

82% of advisers pass August FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 1 OCT 2020
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act during the current extraordinary circumstances," FASEA chief executive Stephen Glenfield said. "Over 11,180 advisers have ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... there were several practices within the DCM market which could breach prohibitions of various sections of the Corporations Act. These include "laddering"; providing a preferred allocation in exchange for agreement to place orders in the after-market ...

ASIC provides relief to Victorian advisers

ALLY SELBY  |  TUESDAY, 22 SEP 2020
... taking regulatory action against AFSLs or their representatives for a breach of sections 62G, 962K and 962S of the Corporations Act. For breaches of 962S for pre-FOFA clients, only those with a fee disclosure statement (FDS) due between August 2 and ...

Rest climate change case pushes ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... against Rest's trustee alleges that he has a right to certain information pursuant to section 1017C of the Corporations Act. The information McVeigh is interested in particularly relates to the impacts climate change could have on his retirement ...