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Showing 471 - 480 of 1335 results for "Corporations"

Sentiment weakens as macro threats loom

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... COVID-19 pandemic and oil price war," she said. This strategy will invest in public market obligations, including corporations, governments, supranational entities, partnerships and trusts, all guaranteed by US and other foreign issuers, she said. "Looking ...

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... are likely to still trade at a premium, he said, while record low interest rates lowering the cost of capital for corporations are unlikely to force investors to "dial back the optimism" that has fuelled the rally in equities. "The resulting decline ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... Strategies, effective 9 April 2020. ASIC said it cancelled the AFSL because Tailormade was in liquidation. "Under the Corporations Act 2001, ASIC may suspend or cancel an AFS licence if the licensee is under administration and is being wound up," the ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... the ERS initiative on retirement balances of super fund members, a response to a Parliamentary Joint Committee on Corporations and Financial Services question on notice reveals. ASIC was asked by Liberal Senator and Committee chair James Paterson what ...

FASEA extension to pass next week

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... need it. That should be the number one priority." The Treasury Laws Amendment (2019 Measures No.3) Bill amends the Corporations Act so that financial advisers will have more time to pass the FASEA exam and meet FASEA's education requirements. It ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... and then failing to pay that money into an account that satisfied the client money requirements within s981B of the Corporations Act 2001. It also admitted it breaching s993C(1) between 30 June 2016 and 16 December 2017 through making payments out of ...

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... to be whether AFCA's decision was invalid because the powers purportedly exercised by it under s 1055 of the Corporations Act 2001 (Cth) (CA) contravened Ch III of the Commonwealth of Australia Constitution Act 1901 (Cth) (the Constitution) by conferring ...

Shortseller ordered to pay $900,000 by court

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... costs payable by Bonitas and Wiechert at $530,201 and damages at $368,974, declaring they had contravened both the Corporations Act and the ASIC Act. Interestingly, Bonitas had declined to appear in court for the December 9 hearing. A letter sent from ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... September 2018 SGSA failed to comply with client money obligations, in disobeying of criminal offence provisions in the Corporations Act 2001. "Client money provisions protect the interests of clients of Australian financial services (AFS) licensees ...