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Showing 561 - 570 of 940 results for "AFSL"

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... criminal activity. "There is a penalty regime now, it's really important people understand, because for them to abuse their AFSL or act improperly with it, the consequences are massive," Robert said. "If 10 years in prison isn't a wakeup call to executives ...

Blue Sky refunds $4.1m overcharge

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... which will complete by October 31. Additionally, Blue Sky told investors and ASIC on 31 August 2018 that it breached its AFSL requirement by not meeting its net tangible asset (NTA) requirements in June, July and August. The breach arose from the time ...

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... allow foreign companies that provide financial services to Australian wholesale clients to continue without the need of an AFSL until 30 September 2019. The corporate regulator announced in June it was proposing a modified licensing regime for foreign ...

Easton buys SMSF service provider

KANIKA SOOD  |  THURSDAY, 20 SEP 2018
... Investments has acquired a company which authorises accountants to provide SMSF advice services. The SMSF Expert has a limited AFSL and runs a subscription-based model, providing dealer services including compliance, training, technical support and para ...

Chartered accountants largely FASEA compliant

JAMIE WILLIAMSON  |  THURSDAY, 20 SEP 2018
... educated professionals who just want to be recognised in the new proposed FASEA regime - including those members with a limited AFSL," Speed said. Already adhering to the APES 110 Code of Ethics and TPB Code of Professional Conduct, chartered accountants ...

Unlicensed financial adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 18 SEP 2018
... webinars and a website and then charging up to $5000 for access to that product. At the time, neither Pousa nor IIC held an AFSL or any other authorisation. Investors suffered significant losses and the Dutch Fiscal Police are currently pursuing criminal ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... July 6 deadline, but latest ASIC Financial Adviser Register data shows more than 100 financial advisers are still without an AFSL or have left the industry. Of the 394 Dover advisers that were active as at June, 293 have managed to find a new licensee ...

Former MyPlanner adviser fails best interests test

JAMIE WILLIAMSON  |  WEDNESDAY, 5 SEP 2018
... Corporations Act prior to repeal. Under the EU, Allen is also prohibited from acting as a director or manager of any kind within an AFSL for three years. In addition to being an authorised representative of MyPlanner, he is also a director of Future ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... NobleOak Life, Suncorp Life & Superannuation, TAL Life, and OnePath, St Andrew's Life Insurance and its distributor Select AFSL, and Hannover Life Re. After listening to more than 540 recorded sales calls, ASIC said four firms failed to provide adequate ...

GROW Super co-founder sells advice business

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
A privately-owned AFSL has acquired the financial advice business of a GROW Super co-founder. Profile Financial Services confirmed it has bought the client book of Churpa Wealth, the advice firm established by GROW Super co-founder Mathew Keeley in ...