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Showing 461 - 470 of 1369 results for "Corporations"

SMSF member increase bill reintroduced

ANNABELLE DICKSON  |  THURSDAY, 3 SEP 2020
... superannuation (SMSF) members from four to six has been reintroduced in the Senate. The bill amends the SIS Act, Corporations Act, ITAA 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 and allows larger families to have one SMSF rather ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... sector and so debt financing is owed directly by households, while in many other countries rental housing is owned by corporations, the government or not-for-profits and so debt financing is owed by other sectors." The RAB said falls in nominal interest ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... group's disclosure of the matters, while investigations into whether directors of the bank had complied with the Corporations Act had also been dropped. In August 2017, AUSTRAC alleged the bank had contravened the Anti-Money Laundering and Counter Terrorism ...

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... resources to manage cyber security risk. ASIC is seeking declarations that RI Advice contravened provisions of the Corporations Act, orders that RI Advice pay a civil penalty and compliance orders so that the group will have to implement appropriate ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... which related to the purchase of land at Lot 2, 615 Hume Highway in Beveridge, Victoria, was not registered under the Corporations Act and subsequently has been ordered to be wound up. The decision comes after ASIC alleged that Askk raised more than ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... funders do not face the same regulatory scrutiny and accountability as other financial services and products under the Corporations Act."

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... with client money obligations between June 2016 and December 2018. Pershing pleaded guilty to three breaches of the Corporations Act and the Corporations Regulation. Pershing was fined $15,000 for a breach where the transferring sale proceeds from international ...

Adviser jailed over $2m Ponzi scheme

JAMIE WILLIAMSON  |  TUESDAY, 4 AUG 2020
... when Miller was banned from the financial services industry for 25 years. He was also disqualified from managing corporations for three years and was also the director of CFS Corporation Pty Ltd. It important to note that CFS Private Wealth and CFS Corporation ...

Regulatory, legal exam questions trip up advisers

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
... where advisers were most likely to underperform. Understanding the application of the FASEA Code of Ethics and the Corporations Act to advice scenarios also proved challenging to many. So too did the identification of client bases and how they may influence ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... and their family which need to be investigated further. The Federal Court found that the defendants contravened the Corporations Act by operating the unregistered scheme and also failed to hold the required AFSL to do so. It has barred the defendants ...