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Showing 61 - 70 of 4506 results for "2015-16 ASIC"

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... characterised as "fishing" or "trawling" for documents". She also ordered that Provide Capital pay ASIC's costs. In March 2022, ASIC commenced an investigation into Provide Capital for alleged false and misleading representations or misleading or ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... documents, as at February 2021, some 46% of securities had not been screened, amounting to 74% of the fund's market value. ASIC had alleged investments that should have been screened out included Abu Dhabi Crude Oil Pipeline LLC (ADCOP), Chevron ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... apply was the SMSF holding $10 million in assets," she said. This test sits in section 761(G) s6 of the Corporations Act. ASIC pointed out the confusion a few years ago when it published guidance QFS150, which indicated that the $10 million test is the ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... action against a director for failing to comply with the obligation to have a director identification number (director ID). ASIC did not name the director, but said on March 19 the person appeared in Downing Centre Local Court to be formally charged ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... Panacea Capital. He operated the Panacea Capital Cryptocurrency Investment Fund (Crypto Fund) between April 2021 and June 2022. ASIC found Creigh operated the Crypto Fund while unlicensed. In addition, ASIC said he held out that Panacea Capital was authorised ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland ...

Super SA names chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
The $37 billion public sector fund selected its new chief executive, some nine months on from Dascia Bennett's departure. Dini Soulio has taken on the role following almost a decade as South Australia's commissioner for consumer affairs, commissioner ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... carrying on of a financial services business and from controlling an entity that carries on a financial services business. ASIC said that between February 2021 and January 2023, while an authorised representative and responsible manager of Octillion ...