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Showing 401 - 410 of 1369 results for "Corporations"

New India fund eyes HNWs

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
... Mugunthan Siva told Financial Standard that the demand for technology has been a boon for India as some 60% of global corporations outsource their IT services there. Technology professionals are earning more money and want to buy their first home, breaking ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... NAB was fined $57.5 million over fees for no service after NULIS admitted to misleading members and breaching the Corporations Act. NULIS itself copped $8 million of the fine. Earlier this year, NULIS was named in a class action brought by Maurice Blackburn ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... must convene a FSCP "if it reasonably believes that a financial adviser has breached their obligations under the Corporations Act, and for which ASIC does not make, or propose to make, a banning order". The panel may also issue an infringement notice ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... appointed to wind up the Goldsky companies. Then in 2019, the Queensland Supreme Court declared Goldsky had breached the Corporations Act by operating a financial services business without an Australian Financial Services licence. The US Securities and ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... handling and settling services were previously excluded from the definition of 'financial service' in the Corporations Act 2001 and persons who provided these services were not required to hold an AFSL or be an authorised representative. This ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... representatives to provide clients with disclosures on lack of independence where they would breach section 923A of the Corporations Act or if they have used words such as "independence", "impartial" or "unbiased in marketing material. And finally, written ...

ASIC okay with virtual AGMs

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... initially planned for virtual AGMs to be allowed until November 2020 but extended it to March 2020. This was set in Corporations (Coronavirus Economic Response) Determination (No. 3) 2020, which expired on March 21. "It is important that business has ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... "Regulators globally - including ASIC, APRA and the Reserve Bank - are strongly encouraging financial institutions and corporations that use derivatives contracts referencing LIBOR to review and, wherever practical, adhere to the ISDA protocol," Kent ...

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... understanding and regard for compliance given his role in the business. Yoshai was involved in Forex CT's breaches of the Corporations Act including failing to do all things necessary to ensure the financial services were provided efficiently, honestly ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... underperformed in financial advice regulatory and legal obligations questions - particularly in relation to documentation, the Corporations Act and differentiating personal and general advice. Another area of difficulty was applied ethical and professional ...