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Showing 51 - 60 of 832 results for "Corporations Act"

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... as the licensee that authorised SMSF Club to provide financial services, RM Capital contravened s963F of the Corporations Act by failing to take reasonable steps to ensure SMSF Club did not accept the payments. ASIC deputy chair Sarah Court said: "The ...

Receivers appointed to First Mutual Private Equity

MATTHEW WAI  |  THURSDAY, 18 DEC 2025
... a group of unlicensed representatives that claimed to operate under exemptions outlined in section 708 of the Corporations Act. It is understood that this was reported to ASIC in June 2024.

ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
... investor and economic harm within the financial services sector, ASIC said. Under section 912A(1)(aa) of the Corporations Act 2001, AFSL holders must have adequate arrangements in place to effectively manage all conflicts of interest, except those that ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... guidance for wholesale funds. In the catalogue, the regulator reminds fund operators of their obligations under the Corporations Act to do all things necessary to ensure that financial services covered by an AFSL are provided efficiently, honestly and ...

68% pass financial adviser exam: ASIC

KARREN VERGARA  |  MONDAY, 8 DEC 2025
... total, 22,386 individuals have sat the exam since it was mandated. Of these, 92% have passed. Section 921B of the Corporations Act 2001 requires relevant providers and those training to become a relevant provider to pass the financial adviser exam to ...

ASIC strengthens codes of conduct guidance

KARREN VERGARA  |  WEDNESDAY, 3 DEC 2025
... that is not approved by ASIC; voluntary codes developed by an industry and approved by ASIC under s1101A of the Corporations Act 2001 ; or mandatory codes that are prescribed by the government. Separately, ASIC recently called for feedback on its proposed ...

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
... was launched in June, ASIC has outlined its approach to the regulation of employee redundancy funds under the Corporations Act 2001 (Corporations Act), once the current relief expires on 1 April 2026. Operators of employee redundancy funds and long service ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... lodge financial statements and auditor's reports to ASIC are criminal offences under 989B(2) and s989B(3) of the Corporations Act 2001.

SQM Research faces court over 'favourable' rating of Shield

MATTHEW WAI  |  THURSDAY, 13 NOV 2025
... plan for the financial year ended 30 June 2022, and it continued to meet the requirements of Part 5C.4 of the Corporations Act 2001. However, in FY23, BDO noted that Keystone "has not provided us with access to information that we require to form our ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... investigation," Crole said. The group added that it believes it has acted in accordance with its obligations under the Corporations Act, saying the matters raised by ASIC are "historic events". Editor's note: This article was updated at 3pm to include ...