Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 1332 results for "Corporations"

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
... regulate platforms that hold digital assets. The draft legislation introduces two new financial products within the Corporations Act - digital asset platform and tokenised custody platform. This means the existing consumer protections and licensing rules ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
The Federal Court has disqualified Queensland-based director David Hodgson from managing corporations for five years and permanently restrained him from engaging in financial services without an Australian financial services licence (AFSL). This comes ...

ASIC makes 'first-of-its-kind' exemption to broaden digital asset access

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... granted an AFSL about two months ago when it launched the Australian dollar-denominated stablecoin. According to ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, the instrument provides an exemption to intermediaries to hold ...

360 Capital receives takeover offer from TT Investments

MATTHEW WAI  |  MONDAY, 15 SEP 2025
... announcement by TT Investments in relation to its takeover offer and its notice given under section 633(4) of the Corporations Act." In a swift response, 360 Capital Group said it is considering the offer. "Given that TT Investments is associated with ...

Court extends freezing orders on First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 12 SEP 2025
... a group of unlicensed representatives, allegedly claiming they could do so under exemptions in section 708 of the Corporations Act. It is understood this was reported to ASIC in June 2024. Financial Standard did not receive a response from FMPE when ...

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... accounts in Malaysia where he has allegedly been living for the past two years. The judge pointed out that under the Corporations Act, an Australian-based director is required but Rushton appears to be the sole director of the entities in question. Dividends ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... determined that Earner was neither a financial product, managed investment scheme, or derivative under definitions of the Corporations Act. The grant of special leave is conditional upon ASIC agreeing to pay Block Earner's costs of the appeal. ASIC has ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... information." Further, O'Brien said ETSL believes it acted in line with its fiduciary duties and obligations under the Corporations Act and Superannuation Industry (Supervision) Act. A recent report by the AFR showed that in 2022, an EQT junior analyst ...

ASIC, APRA outline regulatory reform opportunities

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... and distribution obligations, product disclosure requirements, and simplification of the liability regime in the Corporations Act." Longo said ASIC would be happy to further engage with the government on initiatives and proposals, including appropriate ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... to act for," Court said. Trevillian's ban has been recorded on the banned and disqualified register. Under the Corporations Act 2001 (Cth) and the National Consumer Credit Protection Act 2009 (Cth), ASIC may permanently ban a person from providing ...