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Showing 531 - 540 of 816 results for "Corporations Act"

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 ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... and trade-offs of refining the scope and breadth of ASIC's mandate and is reviewing the penalty regime in the Corporations Act. The possible policy changes it asks parties to consider include the extension of regulation to fund administrators and technology ...

ASIC considers compulsory advice for complex products

MARK SMITH  |  MONDAY, 14 JUL 2014
... there may be merit in restricting the sale of some types of products to sophisticated investors as defined in the Corporations Act 2001. In response ASIC said: "We do not propose at this stage to issue guidance on our expectations of product issuers ...