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Showing 581 - 590 of 1369 results for "Corporations"

Insurtech Australia names new chief

KARREN VERGARA  |  TUESDAY, 14 MAY 2019
... from day one and has unparalleled expertise in the role of promoting growth and innovation for both fintechs and corporations. "We are extremely excited to have Rita step up to lead Insurtech Australia into 2020 and beyond." Insurtech Australia is a ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... licence holders after an investigation into 65 AFS licence holders found that 58 were breaking the law. Under the Corporations Act, an AFS licensee cannot be the authorised representative of another AFS licensee - with the only exceptions being general ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... 35% to a five year low. Quinn Emanual alleges IOOF's conduct breached continuous disclosure obligations under the Corporations Act 2001 and ASX listing rules. The firm also alleges IOOF engaged in misleading or deceptive conduct, which resulted in shareholders ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... said "the framework was really complex" because the swap rate is not a financial product clearly covered under the Corporations Act. Court settlements were ordered against Commonwealth Bank, National Australia Bank and ANZ on similar matters. Total civil ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... forced to acknowledge 196 instances of misconduct relating to financial advice, as well as contraventions to the Corporations Act and the ASIC Act in relation to fees for no service during the Royal Commission. These revelations forced AMP's chief ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... agreed to provide a "carve-out" for grandfathered commissions. But the report by the Parliamentary Joint Committee on Corporations and Financial Services that looked at FoFA indicated the carve-out was only for that point in time, he said. Thistlethwaite ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
... financial advisers last February. The new regulations - in the form of a Treasury Laws amendment - propose to change the Corporations Regulations to allow any conflicted remuneration payable after 1 January 2021 to be rebated to affected customers "or ...

Liquidation likely for Halifax

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... fund operating losses "since at least January 2017." The report said contraventions of client monies rules and the Corporations Act appeared to have occurred, with operating expenses paid directly from client monies. Ferrier Hodgson's report also noted ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... significantly limited. Primarily, Treasury outlined concerns that the change might trigger a number of requirements under the Corporations Act that would apply to AFSLs where they provide financial advice in the course of handling an insurance claim. ...

Perpetual announces Fulbright scholar

KANIKA SOOD  |  MONDAY, 4 MAR 2019
... was founded in 1970 and now has more than 28,000 graduates currently in executive positions in more than 1000 major corporations. Davids said: "I look forward to building a global alliance between INROADS, CareerTrackers and other NGOs across the US ...