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Showing 781 - 790 of 1369 results for "Corporations"

LICG successful in triggering AFA EGM

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2016
... Financial Advisers (AFA) has confirmed it has received the minimum number of member submissions required under the Corporations Act to propose an amendment to its constitution via an extraordinary general meeting (EGM). Spearheaded by the Life Insurance ...

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
... of financial services to Storm's clients," therefore making them culpable for the company's contraventions of the Corporations Act. Speaking to Financial Standard, SICAG joint chair Mark Weir said he was "a bit cynical about the whole exercise," suggesting ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 26 AUG 2016
... increased $2.7b (1%), friendly societies increased $0.1b (2%), and common funds increased $0.1b (1%). Life insurance corporations decreased $0.6b (0%), and cash management trusts decreased $0.3b (1%). US durable goods orders US durable goods orders rebounded ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... towards ASIC's legal fees. As the responsible entity for the van Eyk fund, it was found that Macquarie contravened the Corporations Act by failing to comply with its duties as a responsible entity of the VBI Fund which saw $30 million directed to the ...

LICG will fight on after failing to trigger AFA constitution talks

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... life insurance advice lobby group, the AFA found almost half could not be considered. In meeting the statutes of the Corporations Act, 50 of the forms provided were revealed as duplicates, 28 were unverifiable due to the member being incorrectly identified ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... its other representatives. ASIC is concerned My Adviser may have failed to comply with Section 912A(1)(ca) of the corporations act which required My Adviser to take reasonable steps to ensure that its representatives complied with financial services ...

ASIC bans jailed former advice director

JAMIE WILLIAMSON  |  MONDAY, 15 AUG 2016
... financial services and from engaging in credit activities, and has automatically been disqualified from managing corporations as a result of his conviction. Pratten has also been removed as a company office-holder of Practical Insurance Claims Administration ...

Economic Wrap

ALEX DUNNIN  |  THURSDAY, 4 AUG 2016
... in assets which includes $2.3 trillion in loans, according to figures from APRA. One third of these loans are to corporations and two thirds to households. Housing loans makes up 93% of these outstanding household loans of which two thirds is for owner-occupied ...

AMP Life appeals Supreme Court ruling

ALEX BURKE  |  MONDAY, 11 JUL 2016
... include a wind-up proposal from activist investor LIM Advisors. The court made this decision because, as per the Corporations Act, the responsible entity of a managed investment scheme and its associates are unable to vote on an EGM resolution if they ...

Advice bodies at odds over professional standards

KERRIE SYDEE  |  MONDAY, 11 JUL 2016
... involved in a financial advice business or providing financial advice," the AFA says in its submission to the proposed Corporations Amendment (Professional Standards of Financial Advisers) Bill. The FPA instead proposes that "at least three directors ...