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Showing 901 - 910 of 1371 results for "Corporations"

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
... member best interest test is already enshrined in the first subsection of the legislation. "Section 961B(1) of the Corporations Act provides that an adviser must act in the best interests of the client," Halsey said, adding: "The proposed amendments ...

Industry asked for views on managed investment schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
The Corporations and Markets Advisory Committee (CAMAC) has called for submissions to a new discussion paper on the regulation of managed investment schemes (MISs). The discussion paper follows a report on the subject of MISs published by CAMAC in 2012. ...

Synchron pushes for providers' direct payment

LAURA MILLAN  |  FRIDAY, 28 FEB 2014
Synchron and law firm Lander & Rogers are seeking to amend the Corporations Law Act to allow financial advisers to receive payments directly from providers. The licensee will be making a submission to Treasury to amend Section 911A of the Act, which ...

Better ASIC-AFP relationship could lead to more prosecutions

LAURA MILLAN  |  MONDAY, 24 FEB 2014
... when they get to the point where they are unable to prove criminality, to be able to use ASIC to go after people for Corporations Law offences." ASIC chairman Greg Medcraft said that the regulator had already recommended a system that allowed a better ...

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... act in the best interests of the client is already specified in section 961B and in Division 2 of Part 7.7A of the Corporations Act. "This does not in any way remove or diminish the legal obligation for a financial planner to 'act in the best interests ...

ASIC extends short PDS relief

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
... was due to expire on June 22, 2014, for a further 12 months, to June 30, 2015 The full PDS requirements under the Corporations Act 2001 apply to products that have been excluded from the shorter PDS regime. ASIC has extended the relief pending a future ...

3D mutual fund launched in US

ALEX DUNNIN  |  TUESDAY, 4 FEB 2014
... footwear, jewelry, eyewear, education, geographic information systems and food products industries. "Start-ups and large corporations are behind the ongoing paradigm shift in manufacturing for both industry and personal use, and this change has produced ...

ASIC takes most action against small business owners

LAURA MILLAN  |  MONDAY, 3 FEB 2014
... highlighted consumer and business owners concerns that the regulator focuses mostly on small businesses, instead of big corporations. The report reflects concerns made public by consumers and business owners in the Senate inquiry on the performance that ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... done." He criticized the Australian Securities and Investment Commissions (ASIC) decision to charge Richard under the Corporations Act, which carries a maximum sentence of five years imprisonment. Matters explained that perpetrators of welfare fraud ...

Australia's whistleblowing regime far from best-practice

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
Australia should amend the Corporations Act to improve a whistleblowing legal regime that is "patchy, limited and far from international best-practice." Griffith University professor and whistleblowing researcher A.J. Brown asked for improvements and ...