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

Search Results

Showing 301 - 310 of 1334 results for "Corporations"

Pandemic created a new billionaire every 30 hours: Oxfam

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... system with impunity for decades and they are now reaping the benefits." Oxfam's brief also revealed that global corporations in the energy, food and pharmaceutical sectors are posting record-high profits, even as wages have barely budged, and workers ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... uncertain world." Previously super funds had helped recapitalise banks and supported Australia's non-financial corporations by proving equity when banks were reluctant to provide debt. Proving his point, Swan referred to an Allens consulting estimate ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
... sophisticated disclosure, the question confronting RSE licensees is just what they ought to disclose to members." Already the Corporations Act enforced registrable superannuation entities (RSE) to disclose the extent to which ESG factors are considered ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
... AFCA membership until 8 April 2023; and requires the maintenance of compensation arrangements that comply with the Corporations Act 2001 until 8 April 2023. Dixon Advisory has a right to seek a review of ASIC's decision at the Administrative Appeals ...

FSC offers guidance on divesting Russia

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
... equities, hard currency and local currency Russian sovereign debt, and fixed income securities issued by Russian corporations. They also include private market assets domiciled in Russia such as private equity or unlisted assets domiciled in Russia ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
... of credit services. Further, because of his fraud conviction, Babbage is automatically disqualified from managing corporations for five years. Babbage was a member of the Finance Brokers Association of Australia. In a statement to Financial Standard ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... gave conditional relief from the licensing, conduct and disclosure obligations relating to personal advice in the Corporations Act 2001 that might otherwise apply to a superannuation trustee providing retirement estimates to its members. The relief was ...

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
... previous provisions. At the time of the alleged offences, the maximum penalty for each breach of s992A(3) of the Corporations Act was $133,200. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after a brief of evidence ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... FPA agrees with the proposed structural amendments suggested by the ALRC which are intended to reduce complexity in corporations and financial services legislation. We strongly believe that the language and structure of the Corporations Act must be improved ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... is urging ASIC to take more action in a bid to protect consumers. Speaking at the Parliamentary Joint Committee on Corporations and Financial Services on February 11, ASIC chair John Longo confirmed that two major recommendations are under consideration. ...