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Showing 81 - 90 of 1332 results for "Corporations"

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... the court dismissed the claims by ruling that the product was not a "debenture" and therefore has not breached the Corporations Act. ASIC has subsequently appealed the decision - but the effort has since been turned down. The ruling upheld the original ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... controls in place to deal with cybersecurity risks. It also claims that Fortnum had a statutory obligation under the Corporations Act as a financial licensee, and a contractual obligation arising under its agreement with its ARs to provide them a prescribed ...

Cbus Super makes key ESG hire

ELIZABETH FRY  |  THURSDAY, 26 JUN 2025
... division. She was tasked with structuring green and sustainable debt products for institutional clients, including corporations and government bodies. Wynter also spent seven years at AMP Capital as a senior sustainable investment analyst. There, she ...

Union redundancy funds in ASIC's sights

ELIZA BAVIN  |  WEDNESDAY, 25 JUN 2025
ASIC has released a consultation paper to seek feedback on whether the Corporations Act should apply to trade union redundancy funds. Consultation Paper 384, Employee redundancy funds, will seek feedback on whether ASIC should have the power to regulate ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... ombudsman for investments and advice Patrick Hartney say. "AFCA applies the law as it stands. This is spelled out in the Corporations Act, where Section 761G (6) says that when a financial service relates to a superannuation product, the super fund must ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... arrangements (OFAs). It comes as the regulator said it does not intend to take action on a breach of section 962S of the Corporations Act and section 99FA of the SIS Act that it has seen. The issue involved a written consent being given to a client for ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
... the integrity of our progressive tax system, we want to see superannuation and other tax loopholes closed for big corporations and the richest 1%," she said. "This is the most effective tool we have to ensure a more fair and equal society. "When tax ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... of liability. Shine Lawyers, which initiated the class action, alleged QSuper breached its obligations under the Corporations Act 2001 and the Superannuation Industry (Supervision) Act 1993 by failing to properly inform members of changes to life insurance ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... more than $4 million in investor funds. Five counts relate to failing to act in good faith under section 184 of the Corporations Act 2001, amounting to about $2.5 million of investor money. Another five counts relate to falsifying books and annual returns ...

ART promotes high-profile retirement specialist

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... advisory firm. During his tenure, he was the principal advisor to some of the country's largest public and private corporations on pension funds.