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Showing 521 - 530 of 833 results for "Corporations Act"

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
... financial services to Storm's clients," therefore making them culpable for the company's contraventions of the Corporations Act. Speaking to Financial Standard, SICAG joint chair Mark Weir said he was "a bit cynical about the whole exercise," suggesting ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... ASIC's legal fees. As the responsible entity for the van Eyk fund, it was found that Macquarie contravened the Corporations Act by failing to comply with its duties as a responsible entity of the VBI Fund which saw $30 million directed to the Cayman ...

LICG will fight on after failing to trigger AFA constitution talks

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... insurance advice lobby group, the AFA found almost half could not be considered. In meeting the statutes of the Corporations Act, 50 of the forms provided were revealed as duplicates, 28 were unverifiable due to the member being incorrectly identified ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... other representatives. ASIC is concerned My Adviser may have failed to comply with Section 912A(1)(ca) of the corporations act which required My Adviser to take reasonable steps to ensure that its representatives complied with financial services laws ...

AMP Life appeals Supreme Court ruling

ALEX BURKE  |  MONDAY, 11 JUL 2016
... include a wind-up proposal from activist investor LIM Advisors. The court made this decision 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 ...

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.