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Showing 361 - 370 of 807 results for "Corporations Act"

Inaugural FASEA exam results in

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
... reasoning and communication; and financial advice construction. Under new financial adviser requirements within the Corporations Act 2001, advisers must pass an exam approved by the standards-setting body. Existing advisers are required to pass the exam ...

ASIC moves to ban direct life cold calling

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... products consumers neither want, need or even understand. ASIC said it would use its modification powers in the Corporations Act to implement the ban, which comes on the back of its recent report into the design and sale of consumer credit insurance ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
... whistleblowers who report misconduct about companies and company officers have more rights and stronger protections. The Corporations Act 2001 has been updated to better protect corporate whistleblowers by requiring their confidentiality is maintained ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... Court. The corporate regulator is seeking to declare The SMSF Club and its licensee RM Capital contravened the Corporations Act on as many as 259 occasions in accepting referral benefits from a real estate agent who sold property to the firm's clients ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... an admission of guilt or liability, and Macquarie is not taken to have contravened subsection 798H(1) of the Corporations Act, ASIC said. "The MDP considers Macquarie's conduct to be negligent, having regard to Macquarie's poor design and implementation ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... Bruni from providing any financial services permanently earlier this month. The banning order was made under the Corporations Act 2001 sections 920A(1) and 920B(2). Section 920A gives ASIC the power to ban a person for reasons that include: failing to ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... concerns included how Kaz Capital was monitoring advisers and whether it met its compliance obligations under the Corporations Act. The licence conditions required Kaz Capital to engage an independent expert to review the firm's implementation of recommendations ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... licence holders after an investigation into 65 AFS licence holders found that 58 were breaking the law. Under the Corporations Act, an AFS licensee cannot be the authorised representative of another AFS licensee - with the only exceptions being general ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... to a five year low. Quinn Emanual alleges IOOF's conduct breached continuous disclosure obligations under the Corporations Act 2001 and ASX listing rules. The firm also alleges IOOF engaged in misleading or deceptive conduct, which resulted in shareholders ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... "the framework was really complex" because the swap rate is not a financial product clearly covered under the Corporations Act. Court settlements were ordered against Commonwealth Bank, National Australia Bank and ANZ on similar matters. Total civil ...