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Showing 331 - 340 of 807 results for "Corporations Act"

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... investment decisions as not all assets can be invested long-term," it said. The report forecasted changes to the Corporations Act and the financial advice sector in general. "The legislation is prescriptive and has not kept up with changes in technology ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
... that the company failed to comply with client money obligations between June 2016 and December 2018. Under the Corporations Act, client money is defined as "money paid to a financial services licensee in connection with a financial service that has been ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... Theta and Mr Marie for various alleged breaches of the responsible entity and director's duties provisions of the Corporations Act 2001, including that they failed to exercise appropriate care and diligence when issuing each of the relevant Product Disclosure ...

Bill to defer adviser education standards tabled

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
... circulated by the authority of Michael Sukkar, minister for housing and Assistant Treasurer. It will amend the Corporations Act to defer the transitional timeframes for existing providers of financial advice to comply with the new education and training ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... people into buying life insurance." The change has been brought to effect through ASIC's modification power in the Corporations Act, with a new legal instrument - ASIC Corporations (Hawking-Life Risk Insurance and Consumer Credit Insurance) Instrument ...

FASEA exam tips from those who passed

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... on the planning sections," he said. In response, an audience member asked: "Has FASEA considered pruning the Corporations Act to the relevant areas for advisers to read for the exam?" Glenfield agreed that was a sensible suggestion but said FASEA has ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... unlawful, unsolicited telephone calls. Otherwise known as hawking, the conduct contravenes section 992A(3) of the Corporations Act. The firm made an early guilty plea to the charges earlier this month, which carried a maximum total penalty of $1,848,750. ...

FASEA chief to provide update

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 NOV 2019
... ASIC announced it will not be monitoring or enforcing individual advisers' compliance with the code. Under the Corporations Act 2001, ASIC does not have a role as a code monitoring body and is specifically prevented from exercising its power to ban an ...

Paraplanners tackle compliance challenges

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 NOV 2019
... compliance issues facing paraplanners. The session first addressed client goals and objectives, looking at the Corporations Act and ASIC's work in enforcement, as well as touching on the FASEA Code of Ethics. "To the best of my abilities I have tried ...

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
... of Ethics, saying it will not monitor or enforce individual advisers' compliance. The regulator said under the Corporations Act it does not have a role as a code monitoring body and is specifically prevented from exercising its power to ban an adviser ...