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Showing 551 - 560 of 833 results for "Corporations Act"

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 ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... associations." Following a long-time request from financial advice associations, it requests an amendment of the Corporations Act 2001 so a person can only use the terms "financial adviser" and "financial planner" if it holds a license to provide personal ...

MDA provider makes debut on ASX

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... unfranked dividend of 0.8 cents per share per quarter for financial year 2015, subject to compliance with the Corporations Act. This would provide shareholders with a 4% yield on the offer price of $0.20 cents per share. The company was established in ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... trail commissions for the sale of financial products through general advice. The government will also change the Corporations Act to expand its regulatory powers in relation to conflicted remuneration "to put absolutely beyond doubt how serious the government ...