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Showing 361 - 370 of 1369 results for "Corporations"

AustralianSuper says no incidents of common ownership

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
... available portfolio as well as current portfolio holdings and found no incidents of common ownership. It said it used the Corporations Act's substantial holding threshold [5%] and considered at least two of the four largest companies in an industry. ...

HESTA chief joins ICGN board

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
... honoured to be elected as chair of ICGN. "ICGN is the rare entity that unites institutional investors, stakeholders, and corporations to develop strategies on issues ranging from responsive and responsible corporate governance to global economic concerns ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act." Over 18,140 advisers have sat the exam with approximately nine in 10 demonstrating they have the skills to apply their ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... consumers." In December 2018, the Federal Court ruled that Westpac Securities and BT Funds Management had breached the Corporations Act when recommending customers rollover of superannuation accounts to Westpac/BT products. However, Westpac won as the ...

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 ...