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Showing 71 - 80 of 1332 results for "Corporations"

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 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. ASIC sought these orders on an urgent basis to safeguard investor ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... prohibit unfair trading practices economy-wide, including for financial services, and pushing for an amendment to the Corporations Act to ban the unsolicited sale or 'hawking' of financial advice. It also wants to see lead generators prohibited from ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... 1 January 2025 to 30 June 2025, raising 11,060 issues across the financial services and retail investor segment; corporations and corporate governance; market integrity; registry integrity; and some that are out of ASIC's jurisdiction. Of the 11,060 ...

WAM eyes Platinum LIC

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
... "currently taking steps to call the extraordinary general meeting requisitioned by L1 Capital under s249D of the Corporations Act 2001 (Cth)." "The director candidates nominated by L1 Capital as well as the Wilson director candidates will be put forward ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... where the account number was not available at the time of the client giving their consent." Section 962WA of the Corporations Act, an Ongoing Fee Arrangement terminates if a fee is deducted without client consent. Many would assume that this section ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... its expanded criminal jurisdiction, ASIC said. Forrest is charged with two offences contrary to s1043A (1) of the Corporations Act 2001 - prohibited conduct by person in possession of inside information, while the other is contrary to s911's providing ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... investors who have lost their money." As a result of his conviction Steele is automatically disqualified from managing corporations until five years after his term of imprisonment is completed.

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... be taken in the context of the longer-term considerations arising out of the review." Under section 1069H of the Corporations Act, the minister has three high-level options for dealing with a revised estimate that exceeds a sub-sector levy cap. They ...

Adviser banned for PRP supervision failures

MATTHEW WAI  |  THURSDAY, 31 JUL 2025
... each client's circumstances. Potter's supervision was also labelled "inadequate" with the documents required by the Corporations (Work and Training Professional Year Standard) Determination 2018 were incomplete, unsigned or insufficient to satisfy the ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... Court yesterday on six charges of dishonest conduct in relation to a financial product, contrary to s 1041G of the Corporations Act and one charge of the same offence committed by proxy, ASIC said. The charges allege Cuthbertson made a series of dishonest ...