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Showing 1 - 10 of 100+ results for "Corporations Act"

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... guidance will assist corporate directors to comply with their licensee obligations and other requirements under the Corporations Act." ASIC will update its key regulatory guidelines and release new legislative instrument to further support corporate ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... pressure." Additionally, the submission also made recommendations for the removal of the safe harbour steps from the Corporations Act and clarity on what is needed to satisfy the best interests duty. A profession-wide position on the tax deductibility ...

ASIC prosecutes market manipulator

CHLOE WALKER  |  TUESDAY, 7 JUN 2022
... $765,000, or both. Posting on social media as part of an attempt to manipulate the market is illegal under the Corporations Act. This is the first time a person has been convicted of online stock manipulation charges under s1041D of the Act. The corporate ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
... disclosure, the question confronting RSE licensees is just what they ought to disclose to members." Already the Corporations Act enforced registrable superannuation entities (RSE) to disclose the extent to which ESG factors are considered in their investment ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
... membership until 8 April 2023; and requires the maintenance of compensation arrangements that comply with the Corporations Act 2001 until 8 April 2023. Dixon Advisory has a right to seek a review of ASIC's decision at the Administrative Appeals Tribunal. ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... conditional relief from the licensing, conduct and disclosure obligations relating to personal advice in the Corporations Act 2001 that might otherwise apply to a superannuation trustee providing retirement estimates to its members. The relief was due ...

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
... previous provisions. At the time of the alleged offences, the maximum penalty for each breach of s992A(3) of the Corporations Act was $133,200. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after a brief of evidence ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... in corporations and financial services legislation. We strongly believe that the language and structure of the Corporations Act must be improved to allow everyone - including consumers - to better engage with the financial services sector," Abood sai ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... commencing legal proceedings against current and former AFSL holders that allegedly breached section 917B of the Corporations Act 2001 and have not consented to participate in relevant remediation processes with the Australian Financial Complaints Authority. ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... of about 3.19% of PAF shares by Moore between 28 September 2021 and 12 October 2021 contravened s606(1) of the Corporations Act, the panel found. The Scheme Implementation Deed between PAF and PGF also contained a $500,00 break fee. "We believe that ...
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