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Showing 331 - 340 of 1335 results for "Corporations"

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... advisers, moving to a single disciplinary body, to additional penalties and sanctions for breaching obligations under the Corporations Act, Rainmaker said.

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... is closer to becoming official. The Financial Advisers Standards and Ethics Authority announced yesterday that the Corporations (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021 has been lodged with the federal register of legislation. ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... FY16 to FY18. They are the first auditors in Australia to be hit with criminal charges under section 989CA of the Corporations Act. The CDPP found that EC Audit failed to understand Halifax's business and failed to design appropriate tests to identify ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... several amendments and a new round of consultations. The second round of consultation ends on August 31. Under the Corporations Amendment (Portfolio Holdings Disclosure) Regulations 2021, the main changes the government is proposing includes trustees ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
... first draft's consultation. The FSC has also taken into account feedback from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into the life insurance industry, ASIC reviews, Productivity Commission reports, feedback from ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
The government yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent. Under the amendment, companies and directors will be liable for continuous ...

Clime wants director removed

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... prior to Annick Donat taking the top job. The EGM statement reads: "That, in accordance with section 203D of the Corporations Act and for all other purposes, Mr Neil Schafer be removed as a director of Clime Investment Management Limited with effect ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... horizons. Essential Super is currently in court, with ASIC alleging CBA used conflicted remuneration in breach of Corporations Act to distribute the fund to 390,000 customers. CBA denied the allegation in a March 11 case management hearing. The fund ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
Tidswell has surrendered its RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... 2014 and August 2017, the court found that the companies harmed 404 customers, leading to about 487 breaches of the Corporations Act. Such breaches included making false or misleading representations in account statements. The institutions told customers ...