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Showing 341 - 350 of 1369 results for "Corporations"

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
... of credit services. Further, because of his fraud conviction, Babbage is automatically disqualified from managing corporations for five years. Babbage was a member of the Finance Brokers Association of Australia. In a statement to Financial Standard ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... gave conditional relief from the licensing, conduct and disclosure obligations relating to personal advice in the Corporations Act 2001 that might otherwise apply to a superannuation trustee providing retirement estimates to its members. The relief was ...

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
... previous provisions. At the time of the alleged offences, the maximum penalty for each breach of s992A(3) of the Corporations Act was $133,200. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after a brief of evidence ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... FPA agrees with the proposed structural amendments suggested by the ALRC which are intended to reduce complexity in corporations and financial services legislation. We strongly believe that the language and structure of the Corporations Act must be improved ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... is urging ASIC to take more action in a bid to protect consumers. Speaking at the Parliamentary Joint Committee on Corporations and Financial Services on February 11, ASIC chair John Longo confirmed that two major recommendations are under consideration. ...

Financial elder abuse programs launch

KARREN VERGARA  |  TUESDAY, 11 JAN 2022
... prevent situations that lead to financial elder abuse. Protecting Seniors Wealth chief executive Anne McGowan said: "Corporations in this industry have a fiduciary duty and responsibility to act in the clients' best interests, yet how can they effectively ...

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 ...