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Showing 581 - 590 of 808 results for "Corporations Act"

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... listed securities acquired from a related party on-market. "However, the problem with this approach is that the Corporations Act prohibits investors from selling securities on market with the intention of buying back that security on market - sometimes ...

Cold calling scammer gets 10 year ban

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
... ASIC. At any time the CIA did not hold an Australian financial services (AFS) licence which is required under the Corporations Act, it said The Federal Court made declarations that CIA made false representations to investors and engaged in dishonest ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
... announcement that the Government is consulting on whether the term financial planner or adviser should be defined in the Corporations Act. "The legislation to limit the use of this term to those with the right qualifications will ensure higher standards ...

Government responds to proxy vote concerns

BEN COLLINS  |  FRIDAY, 25 MAY 2012
... have been raised as to whether this exception applies to the non-binding vote required under section 250R of the Corporations Act 2001. Last year, the Government acted to address these concerns by introducing an amendment into Parliament through the ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... planners making statements about the independence of the licensee or the services they provide in breach of the Corporations Act. AFS licensees are prohibited from using the terms, 'independent', 'unbiased' or 'impartial' if they receive commission or ...

ASIC obtains order banning derivatives trading director

BEN COLLINS  |  TUESDAY, 24 APR 2012
... ensure the financial services it provided were provided efficiently, honestly and fairly in contravention of the Corporations Act. The court also found that that King had aided and abetted, and was knowingly concerned in the contraventions by Camelot. ...

AAT confirms ASIC planner ban

ELISE BURGESS  |  FRIDAY, 16 MAR 2012
... review of ASIC's decision but on March 14 the AAT found Nguyen failed to comply with relevant sections of the Corporations Act 2001 (the Corporations Act) in relation to the provision of financial services, and that a seven year ban was appropriate for ...

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... June 2012, PDS for all superannuation products and simple managed investment schemes that are regulated by the Corporations Act 2001 must be eight pages in length and meet new content requirements. The new shorter PDS' are part of the Government's move ...

Industry responds to intra fund advice measures

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
... being developed to outline how scaled advice can be provided in accordance with the regulatory protections in the Corporations Act. The Financial Services Council (FSC) has slammed the changes, saying they would lead to intra-fund advice in super being ...

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
... advice which will outline how scaled advice can be provided in accordance with the regulatory protections in the Corporations Act. The ASIC guidance will be finalised next year following on from Future of Financial Advice (FOFA) legislation's being introduced ...