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Showing 461 - 470 of 807 results for "Corporations Act"

ASIC links previously banned adviser to court proceedings

EMMA RAPAPORT  |  WEDNESDAY, 16 AUG 2017
... corporations for two and a half years from 13 May 2016. ASIC alleges the defendants breached various provisions of the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, including the best interest obligations financial ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... board's executive pay report, slapping the bank with a "first strike" against its remuneration report. Under the Corporations Act, if a company receives two consecutive votes of more than 25% against its remuneration report, the board may face a third ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... required from an adviser when replacing one product with another was not present - a breach of section 947D of the Corporations Act. In addition, the regulator stated there appeared to be a lack of detailed enquiry into the client's personal circumstances ...

ASIC advances towards telecommunication intercept powers

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
... cannot seek a warrant to obtain or receive intercept material when investigating serious contraventions of the Corporations Act 2001 unless another agency chooses to share such material with ASIC for the purposes of its (the other agency's) investigation. ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON  |  FRIDAY, 7 JUL 2017
... members of the broader group that issue investment products to at least 150,000 customers - a requirement under the Corporations Act. ASIC said the non-disclosure occurred when customers were advised to purchase products issued by NAB Group-related firms ...

FPA supports ASIC independence definition

KARREN VERGARA  |  FRIDAY, 30 JUN 2017
... executive Dante De Gori said it is important to note that the definition of 'independent' under s923A of the Corporations Act remains unchanged. "The FPA supports the appropriate use and enforcement of this term to ensure integrity and accountability," ...

Independence definition too restrictive: AFA

ALEX BURKE  |  WEDNESDAY, 28 JUN 2017
... comments follow yesterday's news that the regulator had received legal advice with respect to Section 923A of the Corporations Act, concluding that phrases such as "independently owned", "non-aligned" and "non-institutionally owned" can only be used ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... from any product issuer. The restricted terms may be used if advisers are compliant with section 923A of the Corporations Act. ASIC deputy chairman, Peter Kell said the issue is important as the independence of financial advisers may sway a consumer's ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... "As a minimum, responsible entities must ensure a managed investment scheme is operated in accordance with the Corporations Act and that they comply with their obligations as a responsible entity, as well as the conditions of their Australian financial ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... Guy Hutchings and former fund manager Marilyn Anne Watts had collectively committed 217 contraventions of the Corporations Act. Together they misappropriated $147.5 million held by the managed investment scheme known as the Premium Income Fund (PIF) ...