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Showing 71 - 80 of 806 results for "Corporations Act"

Convicted adviser banned over $2m theft

MATTHEW WAI | MONDAY, 10 FEB 2025

... activities. King maintains the right to appeal to the Administrative Review Tribunal for a review. Under the Corporations Act and National Consumer Credit Protection Act, ASIC may permanently ban a person from providing financial services and engaging ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON | MONDAY, 3 FEB 2025

... into the incident. Specifically, the investigation relates to the ASX's compliance with section 821A(1) of the Corporations Act 2001. This particular section of the Act looks at the obligations of clearing and settlement (CS) facilities, including how ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA | MONDAY, 16 DEC 2024

... tax bill on the associated earnings of $13,570. The panel said the adviser contravened sections 961B(1) of the Corporations Act in that advisers must act in the best interests of the client in relation to the advice. The adviser also contravened section ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON | WEDNESDAY, 4 DEC 2024

... entity under the SIS Act; Are not prohibited from being an officer or director of a body corporate under the Corporations Act 2001 (Cth); Meet the criteria listed in section 14(b) of SPG 520; Have attended all or completed in full, all items listed in ...

Liberal MP calls for SoA replacement

KARREN VERGARA | TUESDAY, 5 NOV 2024

... RoA and the use of RoA is already well understood across the industry and is an existing provision within the Corporations Act". "These changes are meant to ensure that the client will be provided with the advice that they seek, and in a way that is ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI | MONDAY, 4 NOV 2024

... investigation concerns suspected market manipulation and contraventions of a number of provisions of the ASIC Act and the Corporations Act." Longo did however comment on an expanded investigation effort by ASIC in August this year, suspecting "contraventions ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN | THURSDAY, 31 OCT 2024

... thresholds of $2.5 million in net assets or $250,000 income, instead of the $10 million limit specified in the Corporations Act 2001 for superannuation products. This misclassification exposes clients to unsuitable advice," AFCA said.

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA | MONDAY, 28 OCT 2024

... senior ombudsman for investments and advice Alex Sidoti said the Conflicts Priority Rule under 960 1J of the Corporations Act has become one of the major themes that emerged from the deluge of complaints relating to Dixon Advisory. The law states that ...

Property fund management firm loses AFSL

MATTHEW WAI | TUESDAY, 15 OCT 2024

... funding levies owed to ASIC; and/or ceasing its financial services business. Stated under section 912A of the Corporations Act, AFSL members must be a member of the Australian Financial Complaints Authority (AFCA) and they need to also comply with conditions ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN | FRIDAY, 4 OCT 2024

... Since July 2023, ASIC has been undertaking an investigation into suspected contraventions of provisions of the Corporations Act 2001 in relation to the affairs of ISG. ASIC said the investigation is ongoing. On 10 September 2024, ISG appointed Christopher ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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