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Showing 591 - 600 of 809 results for "Corporations Act"

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 ...

ASIC imposes permanent ban on fin services provider

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
... terms of imprisonment of five months, eight months, one year, two years and eight months, respectively. Under the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) may ban a person who has been convicted of fraud. Hawa ...

ASIC seeks interim orders against Equititrust

ELISE BURGESS  |  THURSDAY, 3 NOV 2011
... not be holding a minimum amount of net tangible assets in the mortgage fund and that breached provisions of the Corporations Act 2001 (the Act) requiring that it lodge audited financial reports for EIF and EPCIF and audited reports of its compliance ...

FOFA: Opt-in obligations, ASIC

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... be released by the end of the year assessing the term 'financial planner' and its proposed definition in the Corporations Act. "These reforms are in fact a growth strategy for the financial planning industry," Shorten said "They also remove the red tape ...

Industry body applauds move to define financial planners

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
... by the end of the year to determine how restrictions on the 'financial planner' title might be defined in the Corporations Act. "We've been successful in getting a timeline for a consultation paper from Treasury investigating the enshrining of the term ...

Westpoint directors face charges

ELISE BURGESS  |  MONDAY, 4 JUL 2011
... Australian Securities and Investments Commission (ASIC), which alleges the two parties breached their duties under the Corporations Act. Westpoint was a Ponzi scheme where investor funds where used to pay their interest. Around 3,500 investors invested ...

PIF Action Group lands Federal Court win

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
... application to halt Wellington from changing its constitution with the judgment finding the move was against to the Corporations Act and as trustees, Wellington did not have the right to discount units on issue, thereby diluting unitholdings of existing ...

Financial PDS' 'Shortened'

RACHEL DAVIS  |  THURSDAY, 9 JUN 2011
... 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. Under Shorten's proposal, providers can continue to ...

ASIC warns of $15,000 EOFY countdown

ELISE BURGESS  |  MONDAY, 6 JUN 2011
... report, auditor's report or a concise report for the financial year in breach of sections 314 and 319 of the Corporations Act 2001. Boyd pleaded guilty to the offences but had no conviction recorded against him.

Timbercorp trio face the music

ALISON BEVEGE  |  MONDAY, 23 MAY 2011
... allegations of conflicts of interest, breaches of directors' duties, misleading conduct and other violations of the Corporations Act following the collapse of the company which went into voluntary administration in 2009 with a net debt of more than $900 ...