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Showing 51 - 60 of 805 results for "Corporations Act"

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... group of unlicensed representatives, allegedly claiming they could do so under exemptions in section 708 of the Corporations Act. It is understood this was reported to ASIC in June 2024. ASIC sought these orders on an urgent basis to safeguard investor ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... unfair trading practices economy-wide, including for financial services, and pushing for an amendment to the Corporations Act to ban the unsolicited sale or 'hawking' of financial advice. It also wants to see lead generators prohibited from targeting ...

WAM eyes Platinum LIC

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
... "currently taking steps to call the extraordinary general meeting requisitioned by L1 Capital under s249D of the Corporations Act 2001 (Cth)." "The director candidates nominated by L1 Capital as well as the Wilson director candidates will be put forward ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... expanded criminal jurisdiction, ASIC said. Forrest is charged with two offences contrary to s1043A (1) of the Corporations Act 2001 - prohibited conduct by person in possession of inside information, while the other is contrary to s911's providing ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... where the account number was not available at the time of the client giving their consent." Section 962WA of the Corporations Act, an Ongoing Fee Arrangement terminates if a fee is deducted without client consent. Many would assume that this section ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... taken in the context of the longer-term considerations arising out of the review." Under section 1069H of the Corporations Act, the minister has three high-level options for dealing with a revised estimate that exceeds a sub-sector levy cap. They are ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... yesterday on six charges of dishonest conduct in relation to a financial product, contrary to s 1041G of the Corporations Act and one charge of the same offence committed by proxy, ASIC said. The charges allege Cuthbertson made a series of dishonest ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... court dismissed the claims by ruling that the product was not a "debenture" and therefore has not breached the Corporations Act. ASIC has subsequently appealed the decision - but the effort has since been turned down. The ruling upheld the original court ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... controls in place to deal with cybersecurity risks. It also claims that Fortnum had a statutory obligation under the Corporations Act as a financial licensee, and a contractual obligation arising under its agreement with its ARs to provide them a prescribed ...

Union redundancy funds in ASIC's sights

ELIZA BAVIN  |  WEDNESDAY, 25 JUN 2025
ASIC has released a consultation paper to seek feedback on whether the Corporations Act should apply to trade union redundancy funds. Consultation Paper 384, Employee redundancy funds, will seek feedback on whether ASIC should have the power to regulate ...