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Showing 11 - 20 of 1332 results for "Corporations"

ASIC issues roadmap for digital assets law reform

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
... (DAPs) and tokenised custody platforms (TCPs) under the financial services licensing regime from April 2027. The Corporations Amendment (Digital Assets Framework) Act 2026 (DAF Act) passed Parliament on 1 April 2026, received Royal Assent on 8 April ...

ASIC hands down 10-year adviser ban

ELIZA BAVIN  |  THURSDAY, 9 APR 2026
... performing any function involved in the carrying on of a financial services business, under ss920A and 920B of the Corporations Act 2001, for a period of 10 years. ASIC found Godfrey failed to comply with financial services laws; was involved in the ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... and comply with the additional regulatory obligations under the licensing regime. Anit-hawking prohibitions in the Corporations Act aim to protect consumers from uninvited real-time contact. Treasury is now considering a broad-based ban on non-consumer ...

ASIC disqualifies crypto fund director for five years

MATTHEW WAI  |  THURSDAY, 2 APR 2026
ASIC has disqualified Ashod Ohan Balanian from managing corporations for five years for his involvement in three failed companies which operated a cryptocurrency fund. Balanian is disqualified until at least 31 March 2031. ASIC found Balanian engaged ...

Digital assets framework bill passes, paves the way for consumer confidence

MATTHEW WAI  |  THURSDAY, 2 APR 2026
... assets providers will be required to obtain an Australian financial services licence (AFSL) under new legislation. The Corporations Amendment (Digital Assets Framework) Bill 2025, which amends the Corporations Act 2001 and the Australian Securities and ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... said in a statement. FIMS, as the responsible entity (RE) of the DSAF, also contravened section 601FC(1)(b) of the Corporations Act by failing to discharge its duties to act with the care and diligence that a reasonable person would exercise if they ...

US private credit firm swoops in to save Star

ELIZA BAVIN  |  MONDAY, 30 MAR 2026
... and former chief legal and risk officer Paula Martin breached their duties owed to Star under section 180 of the Corporations Act 2001. However, the court dismissed ASIC's case against seven former non-executive directors after finding they did not ...

Superannuation advertising ban consultation launches

KARREN VERGARA  |  MONDAY, 30 MAR 2026
... duplicate accounts," Treasury explained in the exposure draft explanatory statement. "These amendments made to the Corporations Act and to the Corporations Regulations will help empower employees to make better-informed choices by making it easier to ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... just a technical breach - it directly resulted in over $12 million in client losses." Longo added that multinational corporations need to be mindful of Australia's regulation when setting up shop here. "All financial services companies must follow ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
... $420 million collectively to around 4000 members. A court ruling last Friday determined that Macquarie breached the Corporations Act by failing to place Shield on a watch list. However, ASIC did not seek a penalty against Macquarie due to the exceptional ...