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

Clime wants director removed

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... prior to Annick Donat taking the top job. The EGM statement reads: "That, in accordance with section 203D of the Corporations Act and for all other purposes, Mr Neil Schafer be removed as a director of Clime Investment Management Limited with effect ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... horizons. Essential Super is currently in court, with ASIC alleging CBA used conflicted remuneration in breach of Corporations Act to distribute the fund to 390,000 customers. CBA denied the allegation in a March 11 case management hearing. The fund ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
Tidswell has surrendered its RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... and August 2017, the court found that the companies harmed 404 customers, leading to about 487 breaches of the Corporations Act. Such breaches included making false or misleading representations in account statements. The institutions told customers ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
... to the labelling of ESG funds and will continue to do so. 'Boards should be mindful that prohibitions in the Corporations ACT 2001 on misleading and deceptive conduct and false and misleading statements apply in relation to financial products such as ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... 271) and come into effect on October 5. Under it, efficient complaints handling became an obligation under the Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... amendment aims to provide existing advisers with an additional opportunity to meet the transition requirements of the Corporations Act. FASEA welcomes stakeholder feedback on this proposed amendment," FASEA chief executive Stephen Glenfield said.

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... no service in relation to the BOLR Policy in breach of section 1041G (prohibition on dishonest conduct) of the Corporations Act. AMP Financial Planning was also investigated for breaches of section 1308(2) which relates to making misleading statements. ...

FASEA maintains low pass rate

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Over 16,700 advisers have sat the exam with nine in 10 demonstrating ...

ASIC removes Societe Generale restrictions

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
... effectiveness of its controls, systems and processes to ensure compliance with the client money requirements of the Corporations Act 2001. According to ASIC, Societe Generale successfully fulfilled the conditions. In October, Societe Generale pleaded ...
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