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Showing 521 - 530 of 808 results for "Corporations Act"

Sophisticated investor register launched

MARK SMITH  |  THURSDAY, 6 NOV 2014
... Cygura then contacts the accountant with a request to certify the investor's status under Chapters 6D and 7 of the Corporations Act (2001). Once the accountant has certified, the investor can log in and share their certificate with investment advisors ...

Shareholder primacy a myth: Governance Institute

JAMES FERNYHOUGH  |  MONDAY, 27 OCT 2014
... perception that shareholder primacy is enshrined in law, this is incorrect. The paper focuses on section 181(1) of the Corporations Act 2001, which states that a director must work "in good faith in the best interests of the corporation", and "for a ...

Remove adviser double tax: AFA

LAURA MILLAN  |  SUNDAY, 12 OCT 2014
... chief executive Brad Fox said. "We've got people that are absolutely self-employed. But because of the way the Corporations Act is written, the remuneration from clients to advisers goes through the licensee and they get caught on the state payroll tax." ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
... Association urged the Financial System Inquiry to review the definition of 'financial product advice' in the Corporations Act and said that the current regime was "detrimental to innovation." In its second submission to inquiry, the FPA described the ...

Senate bill challenges general advice definition

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... sitting today, along with a second reading speech, Whish-Wilson's spokesperson confirmed. The bill will amend the Corporations Act 2001 Documents obtained by Financial Standard show that Whish-Wilson's bill substitutes the term 'general advice' in the ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... determined. The regulator has issued a statement to clarify the definition of retail and wholesale investors. The Corporations Act determines that, when receiving financial advice, SMSF trustees should be classified as retail clients, unless the fund ...

Van Eyk suspends redemptions on Blueprint funds

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
... appointed in July 2012," van Eyk said. As a consequence, VBI has ceased to be a liquid scheme as defined by the Corporations Act. Van Eyk and Macquarie Investment Management Limited, the fund's responsible entity, "have determined that it is in the best ...

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
... apportionable to the parties involved, it has in effect extended the avenues of recourse available under the Corporations Act to investors in a wide range of securities in Australia. "This is a great win, not only for the 12 Councils but for investors ...

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
... financial resources to provide the services covered by its licence and to conduct the business in compliance with the Corporations Act 2001.

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... the 14-day cooling-off period for financial products. "Advisers will need to state it in the SoAs on top of the Corporations Act," the Financial Planning Association (FPA) general manager of policy and conduct Dante De Gori told Financial Standard. "It's ...