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Showing 351 - 360 of 807 results for "Corporations Act"

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... the consolidation of superannuation accounts. However, the judge added the Westpac subsidiaries contravened the Corporations Act in 14 of 15 customer phone calls by implying the rollover of super funds into a BT account was recommended. This came about ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... laws, way above the current law," the AFA told members. "We simply do not understand how it is possible, when the Corporations Act only requires conflicts to be managed, and the law specifically permits life insurance commissions and other conflicted ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... engaging in dishonest conduct in the course of carrying on a financial services business, a contravention of the Corporations Act 2001. According to ASIC, Miller advised clients CFS Private Wealth clients to invest funds with CFS Corporation (CFS), which ...

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... will no longer monitor and enforce the Financial Planners and Advisers Code of Ethics. However, enshrined in the Corporations Act 2001 is an obligation for AFS licensees to ensure that their financial advisers are covered by an ASIC-approved compliance ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... customers were therefore unsolicited, and thus a contravention of the hawking exceptions in section 992A(3) of the Corporations Act on the part of CommInsure. Each charges carries a maximum penalty of $21,250, meaning CBA could face up to $1,848,750 ...

Adviser cops three-year ban

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... period of three years. The corporate regulator made a banning order against Kyle Jonothan Perry Marshall under the Corporations Act 2001's sections 920A(1) and 920B(2). Marshall holds a diploma of financial services (financial planning) and other qualifications ...

FASEA ethics pose risk to managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
... involved in the operation of the service or the development of the portfolios," he said. Potter maintained the Corporations Act, RG 246.68 and RG 175.403 already protect against conflicts of interest and in managed accounts a best interest obligation ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... given since July 2013." Adviser obligations prior to 1 July 2013 are those that fall under Section 945A in the Corporations Act 2001: requirement to know your product, know your client, and provide appropriate advice. Cases that occurred from 1 July ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... may not have received a fee disclosure statement or a renewal notice within the time limits prescribed by the Corporations Act. YBR said it made a provision for $928,000 and is conducting an internal audit of records and will contact affected clients. ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... project. Further, it claimed UGL engaged in misleading and/or deceptive conduct, and breached its obligations of the Corporations Act 2001 and the ASX Listing Rules. Consequently, investors that purchased UGL shares within the claim period have suffered ...