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Showing 11 - 20 of 1369 results for "Corporations"

Former Big Un chief escapes prison time for insider trading

MATTHEW WAI  |  MONDAY, 28 SEP 2026
... he was initially charged, and as a consequence of his conviction, he is automatically disqualified from managing corporations for five years. Big Un was delisted from the ASX in 2018 and is now in liquidation. The matter was prosecuted by the Office ...

Former BW Equities employee charged for misappropriating funds

MATTHEW WAI  |  FRIDAY, 25 SEP 2026
... The maximum penalty for each offence of dishonest use of position as a director, officer or employee (s184 of the Corporations Act 2001) is up to 15 years imprisonment and/or a fine of up to $765,000.

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... The Federal Court recently confirmed Netwealth Superannuation Services and Netwealth Investments contravened the Corporations Act in relation to the First Guardian Master Fund. APRA has been working to uplift platform trustees' investment governance ...

ASIC secures court orders against questionable investment scheme

MATTHEW WAI  |  MONDAY, 21 SEP 2026
... 2025. Following the application, the court found there were "reasonable grounds" to suspect contraventions of the Corporations Act and ASIC Act, making orders on 15 September 2026 to protect the investors' funds in the scheme. The court also made orders ...

Former adviser charged further on dishonest conduct

RIDDHIMA TALWANI  |  MONDAY, 14 SEP 2026
... statements and engaging is dishonest conduct. The charges relate to 10 offences contrary to section 1041E of the Corporations Act, 12 offences contrary to section 1041G of the Corporations Act and two offences contrary to 43(1) of the Crimes Act. Last ...

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... victims. The reform is part of the Regulatory Reform Omnibus Bill 2026, which includes a proposed amendment to the Corporations Act that will reduce the disallowance period of the CSLR special levy instruments while retaining parliamentary oversight. ...

Diversa board backs chief executive pay rise, bonus amid First Guardian fallout

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
... financial year, an increase of $77,000 from the prior corresponding period, the recent Parliamentary Joint Committee on Corporations and Financial Services inquiry heard, which attempted to make sense of why he was generously rewarded amid regulators ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... Guardian Master Fund, in which members invested about $240 million. At the recent Parliamentary Joint Committee on Corporations and Financial Services inquiry, Diversa's leadership team stood its ground, claiming that the root cause of First Guardian's ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
... operations or firms providing financial services without an Australian financial services licence. On the other hand, corporations and corporate governance included fraud allegations, corporate governance issues, registered liquidator conduct, insolvency ...

Macquarie board rejects KPMG as auditor

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
... scrutiny of KPMG Australia's audit practice, including information exposed by the Parliamentary Joint Committee on Corporations and Financial Services. "It also follows Macquarie's formal enquiries of KPMG to consider its capacity to deliver the audit ...