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Showing 701 - 710 of 1369 results for "Corporations"

Court shuts down listed investment manager lawsuit

ALEX BURKE  |  FRIDAY, 8 DEC 2017
... another, and because their combined shareholding in Molopo is 37.33%, this is a contravention of section 606 of the Corporations Act. Molopo's response to Keybridge suggested the latter was seeking the removal of incumbent directors; Keybridge disputed ...

ASIC widens conflicted adviser remuneration rules

ALEX BURKE  |  THURSDAY, 7 DEC 2017
... deadline on January 1, Regulatory Guide 246 (RG 246) takes into account the additional provisions introduced in the Corporations Amendment (Life Insurance Remuneration Arrangements) Act 2017. Aside from the broad ban on commissions involved in the sale ...

Advisers call for exam, standards clarity

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2017
... financial adviser must also pass a proficiency exam. Areas of testing the FPA is recommending include Chapter 7 of the Corporations Act; the Tax Agent Services Act; anti-money laundering and counter-terrorism laws; common law fiduciary duties and ethics ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
... insurers. Kell flagged the importance of the project as a "significant priority" to the Parliamentary Joint Committee on Corporations and Financial Services on life insurance in October. "There's a lot of work that needs to take place within the industry ...

ASIC remains firm on IFA definitions

DARREN SNYDER  |  TUESDAY, 14 NOV 2017
... said financial services providers can only use these terms if they meet the requirements set out in s923A of the Corporations Act. The latest confirmation comes after ASIC first announced the update in June. ASIC has been working through a six-month ...

Grant Thornton affirms indigenous commitment with new partner

EMMA RAPAPORT  |  TUESDAY, 14 NOV 2017
... indigenous business community with the appointment of a partner to its Cairns office. Former registrar of indigenous corporations Anthony Beven was appointed to play a key role in further developing Grant Thornton's Indigenous Reconciliation Action Plan. ...

Morrison backs customer-owned banking reforms

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... such as an agreed process, framework and timetable for capital instruments proposed. The review also recommends the Corporations Act 2001 should include a proper definition of 'mutual company' to deliver greater certainty for the sector, as well as changing ...

White-collar crime penalties to skyrocket

KARREN VERGARA  |  TUESDAY, 24 OCT 2017
ASIC could soon impose substantial civil penalties and lengthy prison time for financial services corporations and employees guilty of misconduct, a review of its enforcement powers has found. The final paper of the Financial System Inquiry (FSI) is ...

AFA and Map My Plan join forces

DARREN SNYDER  |  THURSDAY, 12 OCT 2017
... engagement in the financial advice journey. It has already been employed in financial advice businesses and some larger corporations, and now the AFA is bringing the fintech to its members. It is expected advisers will be able to utilise the partnership ...

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... materials around Australia, ASIC deputy chair Peter Kell told the recent life insurance Parliamentary Joint Committee on Corporations and Financial Services. There tends to be a focus on educating students on general insurance products such as car insurance ...