Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 1369 results for "Corporations"

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... acquisition of about 3.19% of PAF shares by Moore between 28 September 2021 and 12 October 2021 contravened s606(1) of the Corporations Act, the panel found. The Scheme Implementation Deed between PAF and PGF also contained a $500,00 break fee. "We believe ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... including changes that affect the advice industry, tabled in parliament on November 30. After surveying a gamut of corporations and analysing the web financial services legislation, the ALRC makes 16 recommendations and asks eight questions about how ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
Corporate regulator ASIC is warning corporations that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... confidence in a standardised approach, while introducing more flexibility for bond issuers. Review of Chapter 2L of the Corporations Act and other regulatory obligations applicable to trustees with the aim of increasing the availability of trustees for ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... time-critical advice was a result of the ongoing COVID-19 restrictions. Both temporary relief measures are set out in ASIC Corporations (COVID-19-Advice-related Relief) Instrument 2021/268. ASIC said it will continue to monitor the appropriateness of ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... funder. If the legislation progresses, it will implement key recommendations of the Parliamentary Joint Committee on Corporations and Financial Services in its report on litigation funding and the regulation of the class action industry, including recommendations ...

Social media pump and dumps gain traction

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
... stocks. It's now issued a reminder that pump and dump activity may amount to market manipulation in breach of the Corporations Act 2001. Pump and dump schemes are defined as a person buying shares in a company and starting an organised program to seek ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... information." He added that ASIC is planning on offering further clarity on records of advice and Chapter 7.7 of the Corporations Act. "The feedback I get from my own staff is that the industry can take an overly cautious compliance approach to these ...

Australian Ethical makes strategic investment

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
... ethical investment opportunities, but we're also seeing them bring these principles to the boardrooms of mainstream corporations they invest in, helping drive operational targets, reporting, and even executive remuneration tied to achievement of ESG ...

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... inaction". In its submission on the matter, AustralianSuper said it analysed its Aussie equities portfolio using the Corporations Act's substantial holding threshold of 5% and considering at least two of the four largest companies in an industry ...