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Showing 21 - 30 of 813 results for "Corporations Act"

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

ASIC has 'strong appetite' to hold boards to account

ELIZA BAVIN  |  WEDNESDAY, 11 MAR 2026
... former chief legal and risk officer Paula Martin breached their duties owed to Star under section 180 of the Corporations Act 2001. However, the court dismissed ASIC's case against seven former non-executive directors after finding they did not breach ...

ASIC launches beneficial ownership transparency review

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
... exposures over securities in the company," the regulator said. Amending the beneficial disclosure obligations in the Corporations Act will apply to companies, registered schemes, notified foreign passport funds and other bodies, whether incorporated ...

Brisbane financial adviser appears in court on dishonesty charges

RIDDHIMA TALWANI  |  TUESDAY, 10 MAR 2026
... securities without a license warrants a maximum penalty between two and five years' imprisonment. The charges under Corporations Act could carry a maximum penalty of 15 years' imprisonment. The seven counts of dishonestly applying property of another ...

Former adviser incurs additional charges for dishonest conduct

RIDDHIMA TALWANI  |  FRIDAY, 6 MAR 2026
... adjourned to 14 April 2026 for committal mention. The maximum penalty for each offence contrary to 1041G of the Corporations Act 2001 which occurred on or after 13 March 2019 is 15 years' imprisonment. Cuthbertson was granted conditional bail on 30 September ...

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
... February 11. ASIC found that the securities dealer had sustained "serious" breaches of its duties under s912A of the Corporations Act 2001 in its operation, including the failure to undertake due diligence prior to the appointment of CARs. ASIC said ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... report also suggested that aged care financial advice be classified as Personal Financial Product Advice under the Corporations Act. This would ensure that providers are required to have an AFSL. The paper also recommends introducing financial planning ...

Petra Capital fined over misreporting of 15k trades

MATTHEW WAI  |  THURSDAY, 5 FEB 2026
... guilt or liability, and by doing so, Petra Capital is not taken to have contravened subsection 798H (1) of the Corporations Act 2001, ASIC said. The maximum pecuniary penalty payable under ran infringement notice in relation to an alleged contravention ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
... said: "AUFM co-operated with ASIC in its investigation, and AUFM agreed that it contravened s 994E(3) of the Corporations Act when it failed to take reasonable steps to ensure that its issuing of interests in the Fund to retail clients was undertaken ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
... over an additional 10-month period, as it did not qualify for the authorised representative exemption under the Corporations Act when issuing Qoin Wallet. BPS Financial has been handed a total of $14 million in penalties, including $2 million for unlicensed ...