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Showing 81 - 90 of 807 results for "Corporations Act"

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 ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... to McWilliams may have been operating without an Australian financial services licence, possibly breaching the Corporations Act. Additionally, he pointed out that several companies involved, along with McWilliams, may have engaged in fraudulent conduct ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... Advisory in 2021, alleging 51 instances of bad financial advice that breached the best interests duty under the Corporations Act. ASIC ultimately settled for a $7.2 million penalty and $1 million to cover its legal costs. The amounts have yet to be paid. ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... offences of engaging in dishonest conduct in relation to a financial product or financial service contrary to s1041G Corporations Act 2001 (Cth); An offence of carrying on an unlicensed financial services business contrary to s 911A Corporations Act ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... admission of guilt or liability, and by doing so, CLSA is not taken to have contravened subsection 798H(1) of the Corporations Act. The corporate watchdog said that providing accurate regulatory data is a "core obligation" of market participants, in ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... her in late November last year. Yuen pleaded guilty to two offences which contravened sections 1041G(1) of the Corporations Act and section 11.2 of the Commonwealth Criminal Code. As a result, she was sentenced to an aggregated sentence of two years ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... the client. They must also be accessible by the licensee at all times. ASIC Instrument 2021/716 modifies the Corporations Act to exclude certain forms of non-compliance from being deemed "significant" breaches of core obligations of the act, while ASIC ...

WAM calls to save in-person AGMs

ELIZA BAVIN  |  FRIDAY, 26 JUL 2024
Assistant Treasurer Stephen Jones announced this month a review to consider making temporary changes to the Corporations Act to allow hybrid and virtual-only AGMs permanently, a move which Wilson Asset Management chief executive Geoff Wilson said is ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... BUSSQ said. BUSSQ also said that all its board directors are appointed under the requirements of the SIS Act, Corporations Act, Australian Financial Services Licence obligations, and Superannuation Prudential Standard 520 Fit and Proper (CPS250). "We ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... guilty to providing unlicensed financial services on behalf of another person contrary to section 911B (1) of the Corporations Act in May. Justice Newlinds said the offence is not concerned with whether Bigatton "provided financial products advice that ...