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Showing 281 - 290 of 833 results for "Corporations Act"

ASIC policy on debenture trustees inconsistent: MSC

KANIKA SOOD  |  FRIDAY, 29 JAN 2021
... inconsistent in applying its policies while approving applications to act as a trustee under the s238GB of the Corporations Act. The section lays the requirements for trustees of unlisted debenture insurers including how much personal indemnity insurance ...

AFCA forced into rule change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... reflect the same statutory liability for licensees regarding their authorised representatives as set out in the Corporations Act and the National Consumer Credit Protection Act. The new rules will come into effect from 13 January 2021, but complaints ...

WAM sees court win over Keybridge

ELIZA BAVIN  |  FRIDAY, 8 JAN 2021
... proceedings, to have the court extend the time upon which it was able to have given Keybridge notice under s630 of the Corporations Act," Keybridge said in a statement. "The implications of the late notice were that WAM Active would not have been able ...

FASEA exam results for November 2020

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Over 12,573 advisers have sat the exam with 9 in 10 demonstrating they ...

Australia bottoms out on fund disclosure

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... global best practices for the disclosure of portfolio manager names, fund ownership, and compensation. "Australian Corporations Act amendments that would require super trustees to publish portfolio holdings online were due to come into effect on 31 December ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... have to disclose any lack of independence in writing, as foreshadowed by recommendation 2.2. The new law cites Corporations Act section 923A(2) of what an "impartial" or "independent" adviser is: does not receive a commission, remuneration based on the ...

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 ...