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Showing 281 - 290 of 1369 results for "Corporations"

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... obtain any benefit as a result of the telephone conversations," the FSCP said. The panel said Mr. S contravened the Corporations Act by engaging in misleading or deceptive conduct and breaching the Code of Ethics. The FSCP ultimately ordered Mr. S's ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... tests candidates in three core areas: financial advice regulatory and legal obligations, including Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Privacy Act and the Tax Agent Services Act; applied ...

Zurich fills newly created executive role

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... and settling has been a fully regulated activity and included in the definition of a 'financial service' under the Corporations Act 2001 with an obligation to provide services efficiently, honestly and fairly. Paterson is based in Sydney and commences ...

Former BBY operations lead sentenced

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... investigation and her early guilty plea, which came in October 2022. Bilton is automatically disqualified from managing corporations for five years and will be unable to be involved in the business of a market participant in connection with securities ...

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
... is someone authorised to provide personal advice to retail clients about financial products in accordance with the Corporations Act. The explanatory memorandum uses the term "financial adviser" and "relevant provider" interchangeably. The Financial Advice ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... report also highlighted issues in the investment and financial advice sectors, particularly concerning breaches of the Corporations Act 2001 related to client suitability assessments for trading. A particular financial firm was found negligent in its ...

Treasury consults on giving AFCA more super powers

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2023
... related to superannuation, following the Federal Court's MetLife decision. As it stands, under Part 7.10A of the Corporations Act, AFCA has certain statutory powers to deal in superannuation complaints, with these powers broadly mirroring those of the ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations Act, and the Insurance Contracts Act between November 2015 and October 2018. At the time, MLC provided income protection cover ...

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... dump" felony has triggered the very first sentencing of a social media personality in Australia under s1041D of the Corporations Act, following findings he used 13 different share trading accounts, held in the names of friends and relatives, to manipulate ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... average, is the latest move in a string of tech giants moving into financial services and taking on traditional banking corporations. In its announcement, Apple said with no fees, no minimum deposits, and no minimum balance requirements, users can "easily" ...