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Showing 281 - 290 of 1333 results for "Corporations"

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
... firm and its authorised representatives failed to provide Statements of Advice (SoA) to clients as required by the Corporations Act. The investigation identified the firm and its authorised representatives failed to provide SoAs to clients at least 24 ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... Gordon class actions senior associate Alex Blennerhassett said. "Class actions are one way people can take on big corporations, including Australia's Big Four banks." Slater and Gordon previously filed a separate class action against ANZ, OnePath ...

Packhorse lists cattle stations for sale

CHLOE WALKER  |  MONDAY, 7 NOV 2022
... said that the sale process, through which the properties could be acquired individually or collectively, meant that corporations, large private investors and local farmers would all have an opportunity to participate in the process to ensure that the ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... commercial loans but ANZ didn't pass them on. The court ruled in ASIC's favour, saying ANZ contravened the ASIC Act, the Corporations Act, and the National Consumer Credit Protection Act. It said ANZ made false or misleading representations to certain ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... with their relevant obligations under their AFSLs and pursuant to the Market Integrity Rules and consequently, the Corporations Act (and additionally for CommSec, the ASIC Act)," the presiding Justice Abraham said. "The conduct is properly characterised ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... more coherent and principled, and "embraces minimalism." The ALRC's proposed legislative model would simplify the Corporations Act, which currently contains a large amount of prescriptive detail, to create a navigable legislative hierarchy. The model ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... the advice needs to reasonably benefit the client and that the advice provider has a duty twice under the current Corporations Act," Henderson explained. "Her argument also refers to this point the greater the risk of harm, the more work a provider will ...

Still work to do on QAR: Levy

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... disaster." She explained the bottom line as to why it was labeled as such was down to the best interest duty in the Corporations Act being removed and replaced by a good advice duty. "In my view, that's a very strong consumer protection provision. ...

AFA Foundation's community impact

ANDREW MCKEAN  |  WEDNESDAY, 21 SEP 2022
... However, Youngcare receives zero government recurring income, instead relying on the support of individuals and small corporations. Johnson concluded that he's probably the only person who'd love to made redundant of an organisation that would ...

Super funds more likely to recall shares for proxy votes: Research

RACHEL ALEMBAKIS  |  TUESDAY, 20 SEP 2022
... to a paper from researchers at Deakin Business School. The two-strikes rule was brought in as an amendment to the Corporations Act. If more than 25% of a company's shareholders vote down two annual remuneration reports in a row, this triggers a vote ...