Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 813 results for "Corporations Act"

ASIC flags disclosure flaws in first wave of mandatory climate reports

VINNY VUCAGO  |  MONDAY, 18 MAY 2026
... entities, the first cohort required to comply with mandatory climate reporting obligations under Chapter 2M of the corporations Act and AASB S2 Climate related Disclosures. As of 6 May 2026, ASIC had received 259 sustainability reports tied to the December ...

Takeovers Panel denies Atlas Arteria interim order request

KARREN VERGARA  |  MONDAY, 11 MAY 2026
... with [the provision relating to extensions and other variations of takeover offers, namely] section 650D of the Corporations Act, nor does it warn securityholders about the risks of the structure, including that the offer may close at $4.75." The operation ...

Advisers reprimanded over fee-for-no-service conduct

MATTHEW WAI  |  WEDNESDAY, 22 APR 2026
... complaint to the adviser's licensee. As a result, the panel said the relevant provider contravened s921E(3) of the Corporations Act 2001, and the Code of Ethics 's values of trustworthiness and diligence and breached Standards 2 and 7. In a separate ...

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
... 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 initiated ...

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

MATTHEW WAI  |  THURSDAY, 2 APR 2026
... (AFSL) under new legislation. The Corporations Amendment (Digital Assets Framework) Bill 2025, which amends the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, passed the Senate on Wednesday. It requires digital ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... 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 were ...

US private credit firm swoops in to save Star

ELIZA BAVIN  |  MONDAY, 30 MAR 2026
... 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 breach ...

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 ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
... 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 ...