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Showing 31 - 40 of 893 results for %22Corporations Act%22

FSCP serves up registration prohibition order

KARREN VERGARA  |  MONDAY, 11 DEC 2023
... during the prohibition period. The panel has the power to make a registration prohibition order under s 921L(1)(c) Corporations Act 2001. Looking closer at the prohibition, Capital Advisory director and financial planner Michael Miller said that mechanics ...

Gender pay gap trends down: WGEA

KARREN VERGARA  |  TUESDAY, 28 NOV 2023
... scheme, the proportion of employers offering some form of paid parental leave rose from 62% to 63%. Workers in big corporations were 1.5 times more likely to have access to employer-funded paid parental leave than employees working in businesses with ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... raised that the life insurance start-up was operating without a licence, thus contravening section 911A of the Corporations Act. ASIC said it was also concerned iExtend had been offering to pay life insurance premiums for individuals in exchange for ...

ASIC freezes out former Magnolia Capital director

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
ASIC has banned former Magnolia Capital Group director Mitchel Atkins from managing corporations and providing financial services. Atkins was a director of Magnolia Capital, which went bankrupt in 2022, owing unsecured creditors millions of dollars. ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... changes to two categories, AFCA lead ombudsman Shail Singh told the Member Forum this morning. Chapter 7 of the Corporations Act looks at whether an investor is retail or non-retail. "For non-retail investors, there are two categories - wholesale and ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income tax ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... planning. Climate-related financial disclosure requirements would be drafted as civil penalty provisions in the Corporations Act. It is suggested this would "reduce uncertainty for reporting entities and encourage companies to take best efforts to use ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... improve the benchmark of financial reporting, ensuring compliance with legal standards. To monitor adherence to the Corporations Act 2001 and Australian Accounting Standards, the regulator frequently conducts risk-based reviews of financial statements ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... Securities). ASIC said it is actively targeting breaches of financial reporting obligations as required by the Corporations Act. "Failure to lodge audited financial statements may result in cancellation of a licensee's Australian financial services ...

Campbell Lutyens opens local office

ELIZABETH FRY  |  MONDAY, 30 OCT 2023
... held board positions at regional Australian airports, seaports, power generation companies and timber plantation corporations Speaking on the appointment, Campbell Lutyens chief executive Andrew Sealey said: "We are delighted to expand further into Asia-Pacific. ...