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Showing 561 - 570 of 816 results for "Corporations Act"

Bowen and Cormann at odds over adviser enshrinement

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
... remains "skeptical about the benefits of enshrining the terms 'financial planner' and 'financial adviser' in the Corporations Act." "If we're successful at this election, our priority will be to abolish opt-in, to fix up the costly additional disclosure ...

LM liquidators get boot over conflict of interest

JAMES FERNYHOUGH  |  MONDAY, 12 AUG 2013
... preparedness to act in a way inconsistent with those owing duties as responsible entity and trustee under the Corporations Act. My view is that they have preferred their own commercial interests to the interests of the fund. "In a winding-up where conflicts ...

Fake press release activist faces 10 years in jail

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
... Kent. Moylan who comes from Newcastle, has been charged with one offence of contravening section 1041E of the Corporations Act 2001 (false or misleading statements). The maximum penalty is 10 years imprisonment or a fine of up to $765,000, or both. Moylan ...

FPA outlines concerns on TASA submission to Treasury

LAURA MILLAN  |  MONDAY, 22 JUL 2013
... agents by July 1, 2014. The FPA asked for more clarity on the definition of advice in the TASA legislation as "the Corporations Act defines personal advice, general advice, and factual information but the TASA definition of tax (financial) advice service ...

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
... the ASIC Market Integrity Rules (ASX Market) 2010 (MIR 5.9.1), and thereby contravened section 798H(1) of the Corporations Act (Cth) 2001 (Corporations Act) which requires compliance with the market integrity rules. UBS had in place filter parameters ...

Labor completes super agenda with passage of four bills

JAMES FERNYHOUGH  |  TUESDAY, 25 JUN 2013
... Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Bill 2013. The bill amends the Corporations Act 2001 in certain key areas. These include over-riding any provisions in a super fund's governing rules that requires ...

ASIC releases more detail on limited AFS licence

LAURA MILLAN  |  MONDAY, 17 JUN 2013
... establishment of self-managed super funds (SMSF) without the need for an AFS licence under an exception in the Corporations Act 2001. But as part of the Future of Financial Advice (FoFA) reforms, this exemption will cease to apply on July 1, 2016, and ...

AFS goes into liquidation

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
... the nature of the funds and how they are to be dealt with to ensure consistency with the obligations under the Corporations Act 2001. The Administrators will continue to work with the Authorised Representatives with respect to their transition to new ...

ASIC takes aim at charitable investment funds

JAMES FERNYHOUGH  |  TUESDAY, 21 MAY 2013
... investment fundraisers, managing an estimated $7 billion in funds. The current exemptions from elements of the Corporations Act are intended to make it easier for investors wishing to invest in charities, on the grounds that for some investors financial ...

Enshrinement of "financial planner" closer to becoming law

MARK SMITH  |  THURSDAY, 16 MAY 2013
... November 2012 and in March this year, government introduced legislation for "financial planner / adviser". Under the Corporations Act 2001, there are no rules against people calling themselves "financial planners" irrespective of their training, competence ...