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Showing 491 - 500 of 1369 results for "Corporations"

ASIC ends relief for advisers

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
ASIC has announced an end date or the COVID-19 regulatory relief for financial advisers. The ASIC Corporations (Trading Suspensions Relief) Instrument 2020/355 will be repealed on 15 October 2020. "ASIC had publicly stated that these relief measures ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... One Nation supported it. Labor Senator Jenny McAllistor said that Labor does support the bill, which will amend the Corporations Act to allow financial advisers more time to meet the new FASEA education standards. "These are unfortunate but necessary ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... Telecommunications (Interception and Access) Act 1979 as including various types of criminal offending, including Corporations Act criminal offence provisions prohibiting insider trading, market manipulation, and in the financial services context - false ...

Sam Henderson in court over phantom degree

KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
... in an information memorandum dated May 2011. "ASIC also alleges that Mr Henderson breached s952D(2)(a)(ii) of the Corporations Act in 2014 and 2016 by giving at least two clients a Financial Services Guide, containing the false representation that he ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... the bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations Act between May 2005 and December 2015 for failures relating to the package. CBA sold the AA+ Package to customers during the ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... period of time. Stakeholders have been given just one week to respond to the government's exposure draft of the Corporations Amendment (Stamping Fee Exemption) Regulations 2020, which should remove the final impediment to the FASEA extension passing ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... demonstrates a fundamental lack of understanding," the letter said. "Again, costs in relation to compliance with the Corporations Act are not discretionary. The scale, systems & processes, and risk management focus of the AFSL provides an efficient way ...

Keybridge takes WAM to court

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... Keybridge's costs associated with the matter. Bolton also requested the court to order a declaration that WAM breached the Corporations Act and that the transfer of the shares is void. Bolton said WAM should be banned from the participating with the ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... resources to provide the services covered by their licence and to conduct their business lawfully," ASIC said. "Under the Corporations Act 2001, ASIC may suspend or cancel an AFS licence if the licensee fails to meet their obligations." Meanwhile, Australian ...

ASIC bans Linchpin directors

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... ASIC obtained orders in the Federal Court against Linchpin and Endeavour for contravening multiple provisions of the Corporations Act while operating two managed investment schemes, both called 'Investport Income Opportunity Fund'. The court ordered ...