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Showing 401 - 410 of 1335 results for "Corporations"

AIA under fire for coal holdings

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
... contradict its lifestyle brand. "AIA is one of the world's biggest life insurance companies and one of the largest corporations headquartered in Hong Kong," it said. Its ambitions match its size in that AIA aims to be "the world's pre-eminent ...

Business tax expanded to big corporates

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
... them to take advantage of these incentives," he said. Prior to the announcement of the expansion to include bigger corporations, Frydenberg said the tax incentives are a game changer and will unlock investment and deliver an estimated $26.7 billion in ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
A court has found Theta Asset Management and its managing director contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... remuneration of ASIC chair James Shipton and former deputy chair Daniel Crennan. At the parliamentary joint committee on corporations and financial services, chair of the committee Senator James Paterson asked auditor general Grant Hehir about the relocation ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Ross Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty to 15 offences under the Corporations Act and was committed to the Sydney District Court for sentencing. The case against Hopkins alleged that between 14 October ...

Poor progress on human rights revealed

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
The sad state of human rights concerns among the world's largest corporations has been laid bare in a new benchmarking report, finding little to no progress has been made in the last 12 months. The World Benchmarking Alliance released the fourth edition ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... with directions of the liquidator appointed to wind up that company. In 2016, ASIC disqualified Fuoco from managing corporations for two years and six months, after two companies, FP Investment Partners and Equilibrium FS, were wound up. ASIC alleged ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... be seen. Bird said "material" is used in other prudential standards relating to risk but is not defined as such in corporations law. "I've seen evidence that 25% of remuneration from non-financial factors - shareholders have been quite critical of ...

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... on how the quality of audits in Australia can be improved. Some of the issues the Parliamentary Joint Committee on Corporations and Financial Services delved into included looking at potential conflicts of interests that arise in providing both auditing ...

Fund managers' ESG beef

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
... annual increase in emissions. This is a supply chain issue that could impact the ability of large multi-national corporations and fund managers to meet their ESG objectives, FAIRR suggested. For example, McDonalds and Nestle are supplied by companies ...