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Showing 361 - 370 of 814 results for "Corporations Act"

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 ...

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 ...