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Showing 6861 - 6870 of 6885 results for "Act2"

ASIC moves to further ease PDS burden

The Australian Securities and Investments Commission (ASIC) has again acted to ease the burden felt by companies due to their legal obligation to keep Product Disclosure Statements (PDSs) up-to-date. Reacting to industry pressure, ASIC has issued a ...

Principal "reviewing" Westpac indemnity over BT compliance breach

Principal Financial Group said today that it was "reviewing" whether Westpac would be protected by an indemnity agreement signed with the Iowa-based group in relation to a compliance breach by BT Funds Management in New Zealand. "As part of the sales ...

ASX urges greater property trust sector disclosure

... deterrent to a change of ownership. The initiative has been prompted by recent interpretation of the Managed Investments Act (2000) that has created uncertainty or deter possible takeovers. The ASX became aware of the issue in mid-March and has worked ...

ASIC cracks down on insolvent trading

The Australian Securities and Investments Commission (ASIC) today announced that insolvency reviews under its new six month pilot program has resulted in directors taking action to consider appointing voluntary administrators or liquidators to 10 companies. ...

Tasmanian insurance agent jailed

The Australian Securities and Investments Commission (ASIC) today announced that Peter Neilson, a 47-year old director of Tasmanian insurance consultants P.R. Consultants, has been sentenced to 15 months imprisonment by the Supreme Court of Tasmania ...

Australian economy set for 3.5% growth in 2003: JPMorgan

In its March 2003 quarterly banking survey, JP Morgan has said that the domestic economy will grow by 3.5 per cent in 2003 after a 3.8% economic growth in 2002. year. It forecasted that the economy in the short-term should be more than compensated for ...

Bo Long companies put into liquidation: ASIC

... in the Downing Centre Local Court in Sydney to charges brought by ASIC relating to 18 counts of deception under the Crimes Act (NSW) and a further two counts of deception under the Corporations Act and two counts of providing false statements to ASIC ...

ASIC permanently bans Victorian financial adviser

The Australian Securities and Investments Commission (ASIC) announced today that it had accepted an enforceable undertaking from Robert Street, a financial adviser from Victoria, that he be permanently excluded from the financial services industry. ...

Super fund director gets four year ban

The Federal Court in Brisbane today handed down a four year ban to former QLS Superannuation (QLSS) director Gerald Parker for his role in approving a $2.5 million loan to a Gold Coast childcare business that later went into liquidation. At the time ...

APRA freezes Strategic Capital Superannuation Fund

Paul Cully The Australian Prudential Regulation Authority (APRA) today froze the $24 million of assets held by the Perth-based trustee of the Strategic Capital Superannuation Fund and launched an investigation into the fund to "provide a comprehensible ...