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Showing 361 - 370 of 833 results for "Corporations Act"

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... people into buying life insurance." The change has been brought to effect through ASIC's modification power in the Corporations Act, with a new legal instrument - ASIC Corporations (Hawking-Life Risk Insurance and Consumer Credit Insurance) Instrument ...

FASEA exam tips from those who passed

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... on the planning sections," he said. In response, an audience member asked: "Has FASEA considered pruning the Corporations Act to the relevant areas for advisers to read for the exam?" Glenfield agreed that was a sensible suggestion but said FASEA has ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... unlawful, unsolicited telephone calls. Otherwise known as hawking, the conduct contravenes section 992A(3) of the Corporations Act. The firm made an early guilty plea to the charges earlier this month, which carried a maximum total penalty of $1,848,750. ...

FASEA chief to provide update

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 NOV 2019
... ASIC announced it will not be monitoring or enforcing individual advisers' compliance with the code. Under the Corporations Act 2001, ASIC does not have a role as a code monitoring body and is specifically prevented from exercising its power to ban an ...

Paraplanners tackle compliance challenges

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 NOV 2019
... compliance issues facing paraplanners. The session first addressed client goals and objectives, looking at the Corporations Act and ASIC's work in enforcement, as well as touching on the FASEA Code of Ethics. "To the best of my abilities I have tried ...

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
... of Ethics, saying it will not monitor or enforce individual advisers' compliance. The regulator said under the Corporations Act it does not have a role as a code monitoring body and is specifically prevented from exercising its power to ban an adviser ...

AIST finds issues with FASEA code

ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... express a preference for piece-by-piece advice rather than holistic or comprehensive advice." She pointed to the Corporations Act section 961B as allowing for scaled advice, Scheerlinck said as the code is currently written it would be possible for an ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... the policy to be misleading or deceptive or likely to mislead or deceive in the context of section 1041H of the Corporations Act and section 12DA(1) of the ASIC Act. This is because the introductory clause of the policy did not ensure Dover clients received ...

AFA calls out FASEA chief inconsistency

ELIZABETH MCARTHUR  |  THURSDAY, 21 NOV 2019
... equivalent and what the completion of 'one or more courses determined by the standards body' as outlined in the Corporations Act may require.

Three advisers cop ASIC bans

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... to Sentry Group's Wealthsure Financial Services. All banning orders were made under sections 920A and 920B of Corporations Act.