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Showing 321 - 330 of 1369 results for "Corporations"

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... with their relevant obligations under their AFSLs and pursuant to the Market Integrity Rules and consequently, the Corporations Act (and additionally for CommSec, the ASIC Act)," the presiding Justice Abraham said. "The conduct is properly characterised ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... more coherent and principled, and "embraces minimalism." The ALRC's proposed legislative model would simplify the Corporations Act, which currently contains a large amount of prescriptive detail, to create a navigable legislative hierarchy. The model ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... the advice needs to reasonably benefit the client and that the advice provider has a duty twice under the current Corporations Act," Henderson explained. "Her argument also refers to this point the greater the risk of harm, the more work a provider will ...

Still work to do on QAR: Levy

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... disaster." She explained the bottom line as to why it was labeled as such was down to the best interest duty in the Corporations Act being removed and replaced by a good advice duty. "In my view, that's a very strong consumer protection provision. ...

AFA Foundation's community impact

ANDREW MCKEAN  |  WEDNESDAY, 21 SEP 2022
... However, Youngcare receives zero government recurring income, instead relying on the support of individuals and small corporations. Johnson concluded that he's probably the only person who'd love to made redundant of an organisation that would ...

Super funds more likely to recall shares for proxy votes: Research

RACHEL ALEMBAKIS  |  TUESDAY, 20 SEP 2022
... to a paper from researchers at Deakin Business School. The two-strikes rule was brought in as an amendment to the Corporations Act. If more than 25% of a company's shareholders vote down two annual remuneration reports in a row, this triggers a vote ...

ABN AMRO Clearing pays $222k penalty

ANDREW MCKEAN  |  THURSDAY, 8 SEP 2022
... trades. Subsequently, the MDP had reasonable grounds to believe that ABN AMRO contravened subsection 798H(1) of the Corporations Act by failing to comply with Rule 3.4.2(1) of the Rules. The MDP found that ABN AMRO's operations team performed a check ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... Commission, we took action against TAL for breaches of its duty of utmost good faith in handling claims. Changes to the Corporations Act on 1 January 2022 mean that insurers are now legally obliged to act efficiently, honestly and fairly when handling ...

Government strengthens multinationals tax laws

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... transparency. Last week, Treasurer Jim Chalmers said it's the government's priority to make sure that multinational corporations pay a fair share of tax where they make their profits. "What I hope to do in the next day or two is to release the discussion ...

Blackstone invests US$400m in ESG commodity exchange

CHLOE WALKER  |  THURSDAY, 7 JUL 2022
... entrepreneurial management teams that are well positioned to benefit from fundamental long-term trends." "As more corporations make net-zero commitments, there is an increasing need to efficiently connect them with, and indirectly provide funding for ...