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Showing 321 - 330 of 807 results for "Corporations Act"

FASEA extension passes

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... requirements has passed the House of Representatives. The Treasury Laws Amendment (2019 Measures No.3) Bill amends the Corporations Act so that financial advisers will have more time to pass the FASEA exam and meet FASEA's education requirements. Now ...

Calls for review of advice regulation

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
... viable. In its submission, CPA noted the myriad federal acts advisers were required to comply with, including the Corporations Act, Tax Agent Services Act, National Consumer Credit Protection Act, and other obligations imposed under the ASIC Act and ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... they would have by simply transferring the policies. The court today found AMP contravened section 961L of the Corporations Act six times, incurring a penalty of $5.175 million. The court said the penalty proceeding reflects a "lamentable failure of ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... draft legislation for recommendation 2.1 will enhance the existing ongoing fee arrangement provisions in the Corporations Act. Under the reforms, advisers would be required to seek annual renewal from clients for all ongoing arrangements and disclose ...

Latest FASEA exam results in

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Unsuccessful candidates are able to re-sit the exam and these advisers ...

FASEA responds to concerns

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... forms of remuneration. 3. Can you be paid referral fees? "Standard 7 notes, unless expressly permitted by the Corporations Act, the adviser may not receive any benefits in connection with acting for a client that derive from a third party other than ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... During a trial in April 2019, Westpac admitted that, as Sinha's responsible licensee, it had contravened the Corporations Act but contested the exact number of contraventions and the penalty that should be applied. The court found Sinha failed to ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... confusion, Patterson suggested FASEA might consider limiting the relevant reading to just pertinent sections of the Corporations Act. Patterson refers to himself as "a lawyer with no dog in the race" and blames comments by advice industry bodies and ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... Commission. The corporate regulator is seeking to find NAB made several thousand contraventions of the ASIC Act and the Corporations Act between December 2013 and February 2019 by engaging in fee-for-no-service conduct by not providing financial planning ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... The corporate regulator has filed a civil case against TAL, alleging the insurance giant breached the ASIC Act, Corporations Act and Insurance Contracts Acts in avoiding an income protection claim in 2014. According to ASIC's allegations, a consumer ...