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Showing 381 - 390 of 816 results for "Corporations Act"

Liquidation likely for Halifax

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... operating losses "since at least January 2017." The report said contraventions of client monies rules and the Corporations Act appeared to have occurred, with operating expenses paid directly from client monies. Ferrier Hodgson's report also noted it ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... limited. Primarily, Treasury outlined concerns that the change might trigger a number of requirements under the Corporations Act that would apply to AFSLs where they provide financial advice in the course of handling an insurance claim. Treasury said ...

YBR in trading halt, flags loss

KARREN VERGARA  |  MONDAY, 4 MAR 2019
... for acting in connection with home lending." YBR expects the audited half-year report to be lodged before the Corporations Act deadline of 15 March 2019. It last traded at 5.4 cents per share, plunging from about 14 cents compared to a year ago. Freedom ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... Gleeson determined Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act in 2014, during two telephone campaigns in which staff recommended the rollover of superannuation accounts to Westpac/BT ...

Adviser asked to cover regulator costs

KANIKA SOOD  |  MONDAY, 18 FEB 2019
... builders and developers. The Supreme Court on February 12 declared him and his company guilty of contravening the Corporations Act 2001. "Between 29 April 2016 and 9 November 2018, both Advanced Wealth and Mr Gardner contravened section 911A of the Corporations ...

Former Macquarie advisers have bans reduced

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
... 2017, ASIC said. While the AAT acknowledged both men had acted dishonestly and breached section 1041H of the Corporations Act, the tribunal said it is satisfied that neither of them will engage in similar conduct in the future. Landau and Campbell were ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... appropriate entity to perform the functions currently planned to be assigned to the code monitoring bodies under the Corporations Act," Hayne writes. However, Financial Planning Association of Australia chief executive Dante De Gori has a different take. ...

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 ...