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Showing 51 - 60 of 1369 results for "Corporations"

ASIC disqualifies crypto fund director for five years

MATTHEW WAI  |  THURSDAY, 2 APR 2026
ASIC has disqualified Ashod Ohan Balanian from managing corporations for five years for his involvement in three failed companies which operated a cryptocurrency fund. Balanian is disqualified until at least 31 March 2031. ASIC found Balanian engaged ...

Digital assets framework bill passes, paves the way for consumer confidence

MATTHEW WAI  |  THURSDAY, 2 APR 2026
... assets providers will be required to obtain an Australian financial services licence (AFSL) under new legislation. The Corporations Amendment (Digital Assets Framework) Bill 2025, which amends the Corporations Act 2001 and the Australian Securities and ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... said in a statement. FIMS, as the responsible entity (RE) of the DSAF, also contravened section 601FC(1)(b) of the Corporations Act by failing to discharge its duties to act with the care and diligence that a reasonable person would exercise if they ...

US private credit firm swoops in to save Star

ELIZA BAVIN  |  MONDAY, 30 MAR 2026
... and former chief legal and risk officer Paula Martin breached their duties owed to Star under section 180 of the Corporations Act 2001. However, the court dismissed ASIC's case against seven former non-executive directors after finding they did not ...

Superannuation advertising ban consultation launches

KARREN VERGARA  |  MONDAY, 30 MAR 2026
... duplicate accounts," Treasury explained in the exposure draft explanatory statement. "These amendments made to the Corporations Act and to the Corporations Regulations will help empower employees to make better-informed choices by making it easier to ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... just a technical breach - it directly resulted in over $12 million in client losses." Longo added that multinational corporations need to be mindful of Australia's regulation when setting up shop here. "All financial services companies must follow ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
... $420 million collectively to around 4000 members. A court ruling last Friday determined that Macquarie breached the Corporations Act by failing to place Shield on a watch list. However, ASIC did not seek a penalty against Macquarie due to the exceptional ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

ASIC has 'strong appetite' to hold boards to account

ELIZA BAVIN  |  WEDNESDAY, 11 MAR 2026
... and former chief legal and risk officer Paula Martin breached their duties owed to Star under section 180 of the Corporations Act 2001. However, the court dismissed ASIC's case against seven former non-executive directors after finding they did not ...

ASIC launches beneficial ownership transparency review

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
... exposures over securities in the company," the regulator said. Amending the beneficial disclosure obligations in the Corporations Act will apply to companies, registered schemes, notified foreign passport funds and other bodies, whether incorporated ...