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Search ResultsShowing 1 - 10 of 100+ results for "Corporations Act"
WAM sees court win over Keybridge
ELIZA BAVIN  |  FRIDAY, 8 JAN 2021
... proceedings, to have the court extend the time upon which it was able to have given Keybridge notice under s630 of the Corporations Act," Keybridge said in a statement. "The implications of the late notice were that WAM Active would not have been able ...
FASEA exam results for November 2020
ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Over 12,573 advisers have sat the exam with 9 in 10 demonstrating they ...
Australia bottoms out on fund disclosure
ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... global best practices for the disclosure of portfolio manager names, fund ownership, and compensation. "Australian Corporations Act amendments that would require super trustees to publish portfolio holdings online were due to come into effect on 31 December ...
Key advice reforms tabled
KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... have to disclose any lack of independence in writing, as foreshadowed by recommendation 2.2. The new law cites Corporations Act section 923A(2) of what an "impartial" or "independent" adviser is: does not receive a commission, remuneration based on the ...
ASIC takes iSignthis to court
ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
ASIC alleges iSignthis breached the Corporations Act by failing to disclose material information in relation to three integration arrangements and failing to tell the ASX that VISA terminated its relationship over suspicious transactions. The corporate ...
Director charged with dishonest conduct
ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
... with two counts of failing to exercise his power as a director and discharge his duty in good faith under the Corporations Act. Naseeruddin's Secure Investments marketed itself as a direct property development investor and received around $2.4 million ...
FASEA reveals October exam results
KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... congratulated the successful candidates for completing an important component of their education requirements under the Corporations Act during these extraordinary circumstances. "Over 11,690 advisers have sat the exam with nine in 10 demonstrating they ...
Exemptions to AFSLs explained by ASIC
ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... hold an AFSL. For example, an exemption can be claimed through section 911A(2)(a) and section 911A(2)(b) of the Corporations Act . These are the authorised representative and intermediary authorisation exemptions. "A trustee of an unregistered scheme ...
Responsible entity fined $2m
ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
A court has found Theta Asset Management and its managing director contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty ...
Former adviser pleads guilty to stealing client funds
ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty to 15 offences under the Corporations Act and was committed to the Sydney District Court for sentencing. The case against Hopkins alleged that between 14 October 2016 ...
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