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Showing 431 - 440 of 1369 results for "Corporations"

Director charged with dishonest conduct

ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
... charged with two counts of failing to exercise his power as a director and discharge his duty in good faith under the Corporations Act. Naseeruddin's Secure Investments marketed itself as a direct property development investor and received around ...

SMSF fraudster sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... at risk," ASIC commissioner Sean Hughes said. Gore also faces three charges of acting in the management of three corporations (MOGS, Sleipner and Arion) while disqualified from doing so. Prior to sentencing, Gore lodged an appeal for the earlier guilty ...

FASEA reveals October exam results

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... congratulated the successful candidates for completing an important component of their education requirements under the Corporations Act during these extraordinary circumstances. "Over 11,690 advisers have sat the exam with nine in 10 demonstrating they ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... to hold an AFSL. For example, an exemption can be claimed through section 911A(2)(a) and section 911A(2)(b) of the Corporations Act. These are the authorised representative and intermediary authorisation exemptions. "A trustee of an unregistered scheme ...

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 ...