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Showing 61 - 70 of 138 results for "ASIC Act"

ASIC, IOSCO report on debt capital raisings

ALLY SELBY | THURSDAY, 24 SEP 2020

... demand or the extent of any scale-backs, could also breach prohibitions 7.10 of the Corporations Act and part 2 of the ASIC Act. Transactions undertaken alongside or ahead of a DCM transaction may also breach prohibitions in part 7.10 of the Corporations ...

ASIC reinforces power to obtain documents

ELIZABETH MCARTHUR | MONDAY, 14 SEP 2020

... produce documents. The regulator said both Federal Court decisions support its position on obligations to comply with ASIC Act notices and to clearly substantiate any claims of legal or professional privilege. RI Advice sought to have a file review deemed ...

NAB fined over fees for no service

ANNABELLE DICKSON | MONDAY, 14 SEP 2020

... admitted to misleading or deceptive and false or misleading representations, as well as consequential breaches of the ASIC Act and the Corporations Act. NULIS and MLC ceased charging the plan service fees in November in 2018 and affected members have ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR | TUESDAY, 9 JUN 2020

Hamilton Blackstone Lawyers managing director Cristean Yazbeck has argued that ASIC is mainly concerned with its own reputation and the media releases it can put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC ...

CBA coughs up $5m over RC case study

ALLY SELBY | TUESDAY, 9 JUN 2020

... Australia ordering the bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations Act between May 2005 and December 2015 for failures relating to the package. CBA sold the AA+ Package to ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON | TUESDAY, 14 APR 2020

ASIC has announced three temporary measures to assist the industry with providing affordable and timely advice during the COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. ...

Shortseller ordered to pay $900,000 by court

KANIKA SOOD | THURSDAY, 2 APR 2020

... Bonitas and Wiechert at $530,201 and damages at $368,974, declaring they had contravened both the Corporations Act and the ASIC Act. Interestingly, Bonitas had declined to appear in court for the December 9 hearing. A letter sent from Wiechert to Rural's ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR | TUESDAY, 17 MAR 2020

... reforms was slow and the fund breached its duties to members. ASIC is seeking declarations of breaches of s12DA of the ASIC Act and ss912A(1)(a) and (c), 949A and 1041H of the Corporations Act and the imposition of civil penalties under ss12DB and 12DF ...

Early access to super scheme results in permanent ban

ELIZABETH MCARTHUR | WEDNESDAY, 11 MAR 2020

ASIC has permanently banned the man behind Superfunded, an illegal early access to superannuation scheme in Perth. Mark Goldenberg was chief operating officer, general manager and property analyst of Superfunded. His scheme enabled people to use their ...

ASIC turns up the heat on enforcement

HARRISON WORLEY | THURSDAY, 27 FEB 2020

... from the Royal Commission, such as the recent civil penalty litigation it took against TAL, for allegedly breaching the ASIC Act, Corporations Act and Insurance Contracts Acts in avoiding an income protection claim in 2014. One case, ASIC said, is currently ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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