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Showing 311 - 320 of 1333 results for "Corporations"

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... Rules for financial reporting, record-keeping, and custody of CCIV assets are some of the measures outlined in the Corporations and Other Legislation Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2021. The bill also sets out ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... $300,000, pay $177,017,084 compensation to PIF and 60% of ASIC's costs. He was also disqualified from managing corporations for 20 years. Penalties ordered to be paid by the other executives involved ranged from $90,000 to $650,000.

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... million has been convicted of managing a corporation while disqualified. Melinda Scott, who was banned from managing corporations for 25 years until 2 December 2037, set up and ran Driven by Results, a chauffeur business, as the sole director, shareholder ...

Sustainability will send some broke: Research

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... part and parcel of the broader ESG movement. Beginning a few decades back, increased globalisation and robotics gave corporations an advantage over labor. "But in the last business cycle, where policymakers lowered rates to the zero-bound to promote ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... acquisition of about 3.19% of PAF shares by Moore between 28 September 2021 and 12 October 2021 contravened s606(1) of the Corporations Act, the panel found. The Scheme Implementation Deed between PAF and PGF also contained a $500,00 break fee. "We believe ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... including changes that affect the advice industry, tabled in parliament on November 30. After surveying a gamut of corporations and analysing the web financial services legislation, the ALRC makes 16 recommendations and asks eight questions about how ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
Corporate regulator ASIC is warning corporations that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... confidence in a standardised approach, while introducing more flexibility for bond issuers. Review of Chapter 2L of the Corporations Act and other regulatory obligations applicable to trustees with the aim of increasing the availability of trustees for ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... time-critical advice was a result of the ongoing COVID-19 restrictions. Both temporary relief measures are set out in ASIC Corporations (COVID-19-Advice-related Relief) Instrument 2021/268. ASIC said it will continue to monitor the appropriateness of ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... funder. If the legislation progresses, it will implement key recommendations of the Parliamentary Joint Committee on Corporations and Financial Services in its report on litigation funding and the regulation of the class action industry, including recommendations ...