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Showing 501 - 510 of 808 results for "Corporations Act"

Supreme Court makes China Growth Fund EGM ruling

ALEX BURKE  |  TUESDAY, 28 JUN 2016
... fund - one of which includes a wind-up proposal from activist investor LIM Advisors. This is because, as per the Corporations Act, the responsible entity of a managed investment scheme and its associates are unable to vote on an EGM resolution if they ...

ASIC takes Macquarie to court over van Eyk fund

ALEX BURKE  |  THURSDAY, 23 JUN 2016
... Partners Global Opportunities Fund. Macquarie has admitted in an Agreed Statement of Facts to contraventions of the Corporations Act in its capacity as a responsible entity for the fund. These are: failing to adequately address the risks of investing ...

ASIC issues first "best interests" duty penalty

ALEX BURKE  |  THURSDAY, 9 JUN 2016
... Regular performance reviews of advisers were not undertaken, and advisers who breached their obligations under the Corporations Act were not discliplined. There were also eight specific occasions, ASIC said, where clients took out life insurance policies ...

Lack of resources impacting ASIC

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
... not satisfactorily demonstrating that the applicant would keep to its licence obligations under s912A of the Corporations Act. ASIC believes that the number of applications refused would have been much higher if "applicants did not voluntarily withdraw ...

ASIC consulting over managed investment schemes

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
... expire in 2017 and ASIC believes it no longer serves a regulatory purpose in light of other provisions of the Corporations Act 2001.

CPA granted AFSL

KERRIE SYDEE  |  MONDAY, 18 APR 2016
... "Independence is at the heart of CPA Australia Advice. Our operations will be consistent with Section 923A of the Corporations Act 2001 which allows us to use terms like 'independent', 'impartial' and 'unbiased' when referencing our services. "We'll ...

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
... of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act), s.912A(1), s.1041A of the Corporations Act 2001 (Cth) (Corporations Act)." In addition, ASIC will seek "pecuniary penalties" against the bank, including the establishment ...

ASIC calls out weak conflict policy in vertical business

ALEX BURKE  |  WEDNESDAY, 23 MAR 2016
... consider that a failure to identify and manage conflicts of interest may lead to significant breaches of the Corporations Act and fiduciary duties, and result in reputational and financial damage."

ASIC tightens Macquarie's AFSL

ALEX BURKE  |  FRIDAY, 11 MAR 2016
... Macquarie breach reports between 2004 and 2014 pertaining to "breaches of the client money provisions of the Corporations Act." These breaches included failing to deposit client money into a designated trust account and making unauthorised withdrawals ...

Tax incentives for early stage investors too narrow: KPMG

DARREN SNYDER  |  FRIDAY, 4 MAR 2016
... concern with the proposed limitation of concessions to so-called 'sophisticated investors' as defined in the Corporations Act 2001. KPMG said this limitation, which is defined as those earning more than $250,000 per annum or having a net worth of more ...