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Showing 601 - 610 of 816 results for "Corporations Act"

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 ...

Second Fincorp director not guilty

ELISE BURGESS  |  WEDNESDAY, 18 MAY 2011
... others. The charge said Quigley's action was an abuse of his position as a company director an in breach of the Corporations Act. Just four weeks ago, former co-director, chief executive and chairman of Fincorp, Eric Krecichwost, was jailed for three ...

ASIC moves to protect OTC retail investors

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
... framework concerning the level of NTA held by issuers and a staged implementation process. "Currently, under the Corporations Act, Australian financial services licensees dealing in OTC derivatives are legally allowed to use client funds to hedge positions," ...

Unitholders ask ASIC/NSX to ban cap raising

ELISE BURGESS  |  MONDAY, 9 MAY 2011
... per cent of all fund unitholders are part of, said they believe the planned capital raising is in breach of the Corporations Act, the Scheme Constitution, NSX Listing Rules and not in the interests of Unitholders. The raising, announced on May 6 by Wellington ...