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Showing 571 - 580 of 833 results for "Corporations Act"

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... in the best interests of the client is already specified in section 961B and in Division 2 of Part 7.7A of the Corporations Act. "This does not in any way remove or diminish the legal obligation for a financial planner to 'act in the best interests of ...

ASIC extends short PDS relief

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
... due to expire on June 22, 2014, for a further 12 months, to June 30, 2015 The full PDS requirements under the Corporations Act 2001 apply to products that have been excluded from the shorter PDS regime. ASIC has extended the relief pending a future Australian ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... He criticized the Australian Securities and Investment Commissions (ASIC) decision to charge Richard under the Corporations Act, which carries a maximum sentence of five years imprisonment. Matters explained that perpetrators of welfare fraud brought ...

Australia's whistleblowing regime far from best-practice

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
Australia should amend the Corporations Act to improve a whistleblowing legal regime that is "patchy, limited and far from international best-practice." Griffith University professor and whistleblowing researcher A.J. Brown asked for improvements and ...

Bankrupt adviser gets nine month ban

STAFF WRITER  |  TUESDAY, 3 DEC 2013
... appeal with the Administrative Appeals Tribunal for a review of ASIC's decision. Under section 920(A) of the Corporations Act 2001, ASIC can ban bankrupt individuals from providing financial services.

Senate to question ASIC over alleged RBA corruption

LAURA MILLAN  |  TUESDAY, 1 OCT 2013
... record is solid" and highlighted its "willingness to investigate and enforce company officers breaches of the Corporations Act." ASIC cited the actions taken after the collapse of Trio Capital and the reaction to "widespread problems" at Commonwealth ...

Cash Converters to raise $60m through bond issue

JAMES FERNYHOUGH  |  MONDAY, 9 SEP 2013
... unsecured bond issue. The bonds will be open only to "professional and sophisticated investors" as stipulated in the Corporations Act, with a minimum investment of $50,000 and an individual note value of $1,000. However, once bought, the debt will be ...

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 ...