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Search ResultsShowing 1 - 10 of 100+ results for "Corporations Act"
Super fund members compensated
JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... said: "In March 2018, Aon Hewitt Financial Advice (AHFA) voluntarily notified ASIC of suspected breaches of the Corporations Act by two of its third party authorised representatives out of a network of 185 advisers." "The breaches were notified to ASIC ...
ASIC refuses just 3% of AFSL relief applications
HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
... report shows how it helped the law "work better for business" by granting 619 applications for relief from the Corporations Act and National Credit Act during the six month period. ASIC said the relief had a "net regulatory benefit" by facilitating business ...
ASIC sues CBA, CFS over RC case
HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... action brought against it. "The claim alleges certain contraventions of conflicted remuneration provisions in the Corporations Act relating to the arrangement between CFSIL and CBA for the distribution of Commonwealth Essential Super (CES)," the bank ...
FIIG calls for taxation, regulatory overhaul
ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... generation enters the retirement and drawdown phase of their superannuation portfolios. The submission pointed to the Corporations Act which requires advisers act in the 'best interests of the client' which by extension, it said, should include ...
Judgement delivered in binary options fraud
ALLY SELBY  |  FRIDAY, 19 JUN 2020
... scheme. The judgement comes following findings made in February earlier this year, in relation to breaches of the Corporations Act. The Court found Allianz Metro, along with Eustace Senese and Yoav Ida, breached the Corporations Act by providing paying ...
FASEA extension hits snag
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... Nation supported it. Labor Senator Jenny McAllistor said that Labor does support the bill, which will amend the Corporations Act to allow financial advisers more time to meet the new FASEA education standards. "These are unfortunate but necessary amendments," ...
ASIC quietly granted new access to phone taps
ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... Telecommunications (Interception and Access) Act 1979 as including various types of criminal offending, including Corporations Act criminal offence provisions prohibiting insider trading, market manipulation, and in the financial services context - false ...
Sam Henderson in court over phantom degree
KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
... information memorandum dated May 2011. "ASIC also alleges that Mr Henderson breached s952D(2)(a)(ii) of the Corporations Act in 2014 and 2016 by giving at least two clients a Financial Services Guide, containing the false representation that he held ...
CBA coughs up $5m over RC case study
ALLY SELBY  |  TUESDAY, 9 JUN 2020
... bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations Act between May 2005 and December 2015 for failures relating to the package. CBA sold the AA+ Package to customers during the 10-year ...
Dealer groups slam FPA policy
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... demonstrates a fundamental lack of understanding," the letter said. "Again, costs in relation to compliance with the Corporations Act are not discretionary. The scale, systems & processes, and risk management focus of the AFSL provides an efficient way ...
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