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Showing 461 - 470 of 833 results for "Corporations Act"

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... ICO offer was set up as an unregulated managed investment scheme that breached provision of provisions of the Corporations Act. The ICO offeror would have copped serious penalties under the Act if the offer had proceeded, ASIC said. On 19 April 2018 ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
... actions expert Jan Saddler said the firm is "of the view that AMP has breached a number of provisions of the Corporations Act and ASX Listing Rules." "AMP executives gave evidence at the Royal Commission that their conduct fell far short of the standards ...

Nick Bolton back on ASIC radar

ALEX BURKE  |  MONDAY, 30 APR 2018
... seeking to extend Bolton's ban on the basis that he may have breached section 206A(1)(a), (b) and/or (c) of the Corporations Act. Under Section 206A, a person who is disqualified from acting as a company director commits and offence if: They make, or ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... responsible for any action of an adviser that is not within the authority provided by the licensee under the Corporations Act. Such actions would include failing to adequately research a recommended financial product; failure to consider a client's circumstances ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... interesting, because they're assessing the work with reference to whether it satisfies the rules in 961b(1) [of the Corporations Act]," McMaster replied. McMaster said he believed lawyers were qualified to do so, particularly if they are also financial ...

ANZ dragged its heels on adviser misconduct

ALEX BURKE  |  FRIDAY, 20 APR 2018
... continue advising his existing client-base until June 2016 - even though it had been determined he had breached the Corporations Act and that his advice could lead to "considerable client detriment." Orr noted that the vetting process used for advisers ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... community standards and expectations." It also made a series of acknowledgements of possible contraventions of the Corporations Act and the ASIC Act in relation to fees for no service. It was later revealed that AMP's law firm, Clayton Utz, removed outgoing ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
... significant increases" in more than two decades. For individuals, penalties for serious criminal offences under the Corporations Act have been raised to a maximum of 10 years' imprisonment and/or $945,000 or three times the benefits. For corporations ...

AMP executive 'apologises' for advice failings

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... questioned which regulatory breaches Regan, on behalf of AMP, was referring to. "The various breaches of the Corporations Act that occurred as a result of these practices...I believe we accept that we have [breached the Act]," Regan said. AMP admits ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... January 2013, it has made 20 breach notifications to ASIC in relation to actual or potential breaches of the Corporations Act by advisers licensed by Commonwealth FP, Financial Wisdom or Count Financial. A further five notifications were made in relation ...