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Showing 421 - 430 of 833 results for "Corporations Act"

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... how organisations are held to account for unethical behaviour," she said. George also called for reforms to the Corporations Act, after the report raised the question as to whether the law or its enforcement served as the basis for unlawful behaviour ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... Practice should be extended to update medical definitions be extended to products other than on-sale products. The Corporations Act, they said, exempts monetary benefits received from life risk insurance products. "Why shouldn't the cap on such benefits ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... Hayne that it was open to him to find Rest engaged in misconduct by breaching sections of the SIS Act and the Corporations Act based on the breach report. Earlier, the industry fund's insurance service delivery manager Lachlan Ross faced the commission ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on the final day of its ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... engage in dishonest conduct or misleading or deceptive conduct for the purposes of sections 1041G and 1041H of the Corporations Act (the Act). The AAT found Hutchison's conduct breached his contractual obligations with RI Advice to pass on the fees he ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... not in a client's best interests. This is inconsistent with or voided by the financial services law in the Corporations Act," ASIC said. READ - Life after Dover: Dealer groups lift due diligence ASIC alleges the policy contained false and misleading ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
... regulator said it is seeking a declaration that ANZ breached its continuous disclosure obligations under the Corporations Act and a pecuniary penalty order. On 1 June 2018, ANZ announced to the ASX the Commonwealth Director of Public Prosecutions (CDPP) ...

ASIC marks AFCA milestone

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... providers have joined. About 80% of members of the Credit and Investments Ombudsman Scheme have signed up. Under the Corporations Act, ASIC is required to approve material changes to the AFCA scheme and part of its role in overseeing the operation of ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... a mistake" because it simply didn't understand it was breaching anti-hawking provisions prohibited by the Corporations Act. Breaching the provision amounts to a criminal offence, Orr pointed out. In early February 2018, ClearView announced it would ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... any services that weren't already freely available. ASIC believes MLC Nominees and NULIS contravened the Corporations Act by failing to ensure services were provided efficiently, honestly and fairly when it deducted the $33 million in fees, and made ...