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Showing 381 - 390 of 809 results for "Corporations Act"

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... equivalent obligations) equivalent to a breach of financial services laws for the purposes of section 912A of the Corporations Act, Hayne suggested. He has also called for quarterly reporting of serious compliance concerns by AFSL holders to ASIC. The ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... the big banks and other industry participants are in favour of legislation repealing such provisions under the Corporations Act. Of those not in favour of a ban, Hayne said some entities used the obvious need for care in recommending change as a basis ...

NSW adviser banned for 25 years

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... report with ASIC for 2016 and 2017, and was late in filing these reports for five other years; it contravened the Corporations Act 2001 when it failed to provide financial services efficiently, honestly and fairly; had insufficient assets to meet its ...

Investors rage coup against Aurora

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
... constitution change. However, Aurora says the meeting did not give unitholders the 21 days' time set as the minimum by Corporations Act 2001 and hence, the resolutions passed are "invalid and of no effect". It has also said Primary was working from an ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
... initiative forward. Federal Assistant Treasurer Stuart Robert said the proposals contain a new chapter in the Corporations Act 2001, including core provisions in establishing CCIVs and their operational and regulatory requirements. Amendments to the ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... compliance framework, including how it monitors its advisers and whether it meets its compliance obligations under the Corporations Act. It said the appointment of an independent expert formed part of additional conditions imposed on the AFSL. Kaz Capital ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... "general" out of advice The same recommendation (8 of 31) has also asked the Government to immediately amend the Corporations Act 2001 to ensure that financial advice can only be used when personal circumstances are considered. This renews the Productivity ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... and personal financial advice, ruling in favour of Westpac's position. Yet the bank still managed to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed to demonstrate that Westpac Securities Administration Limited (WSAL) and BT Funds ...

FPA reviews disciplinary regulations

JAMIE WILLIAMSON  |  WEDNESDAY, 12 DEC 2018
... association's disciplinary regulations up-to-date and in line with the FASEA/CP 300 Compliance Scheme, as outlined in the Corporations Act. It also outlined key failings brought to light at the Royal Commission, such as matters taking too long to resolve ...

FASEA exam is not fair: Spot poll

KARREN VERGARA  |  MONDAY, 3 DEC 2018
... will focus on applied knowledge acquired in actual financial advice scenarios, testing competency areas in the Corporations Act, financial advice construction and applied ethics. Two days later, FASEA released its draft degree requirement legislation ...