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Showing 401 - 410 of 833 results for "Corporations Act"

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 ...

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 ...