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ASIC, now less a corporate watchdog, more a lapdog

ASIC, now less a corporate watchdog, more a lapdog
theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.

Kenneth Hayne , Tim Wilson , Joseph Longo , Justice Michael Obryan , Bt Superannuation Fund , Australia Prudential Regulatory Authority , House Of Representatives Standing Committee On Economics , Sarah Court , Investments Commission , Australian Securities , Australian Financial , Commissioner Hayne , Federal Court , Retirement Wrap , Justice Michaelo Bryan , கெநெத் ஹேன் , நேரம் வில்சன் , ஜோசப் லாங்கோ , நீதி மைக்கேல் ஓப்ரியான் , ஆஸ்திரேலியா விவேகமான ஒழுங்குமுறை அதிகாரம் , வீடு ஆஃப் பிரதிநிதிகள் நின்று குழு ஆன் பொருளாதாரம் , சாரா நீதிமன்றம் , முதலீடுகள் தரகு , ஆஸ்திரேலிய பத்திரங்கள் , ஆஸ்திரேலிய நிதி , ஆணையர் ஹேன் ,

Solar predator fined $3m | Dandenong Star Journal

A Dandenong South solar-panel company has been fined a thumping $3 million and its director $450,000 for “unconscionably” preying on […] ....

Melissa Horne , Gerard Brody , Justice Michael Obryan , Justice Obryan , Eco Connect Solutions , Solar Homes Program , Grid Support Services , Consumer Action Law Centre , Community Bulk , Government Solar Homes Program , Consumer Affairs Victoria , Consumer Affairs , Dandenong South , Solar Technologies , Sunny Srinivasan , Vic Solar , Justice Michaelo Bryan , Federal Court , Community Bulk Buy , Zone Solar , Judgeo Bryan , Action Law Centre , State Government , Solar Homes , Affairs Minister Melissa Horne , மெலிசா கொம்பு ,

Pollstar | Australia News: Australia, NZ Open Borders, Trademarks, MFTHF, Pill Testing

By: Christie Eliezer
CubaDupa Street FestivalBorders Opening For Australian & New Zealand Acts
After being forced to play their own backyards over a year, Australian and New Zealand acts can now journey across the Tasman Sea to play.
Both governments lift border restrictions April 19. Not having to be in two-week quarantine in a hotel will save a six-piece indie band NZ$18,000 ($12,657) – something most would not be able to recoup from touring.
Promoters and venues agree that after enthusiastically supporting local acts only, an element of fatigue is creeping in.
“At this point, audiences do want some variety,” Live Nation NZ managing director Mark Kneebone told Stuff. “And while New Zealand acts will continue to perform and do really well, the chance to bring over Australian acts and bands is great for the industry.” ....

Western Australia , Ghana General , New Zealand , New South Wales , Gold Coast , Michael Gudinski , Ed Sheeran , Jimmy Barnes , Tina Arena , Ben Lee , Victor Dominello , Vance Joy , Justice Michael Obryan , Jacinda Ardern , Nikki Westcott , Lucy Jackson , Andrew Little , Matt Gudinski , Kasey Chambers , Tash Sultana , Mark Kneebone , Albert Albare Dadon , Corner Hotel , Victoria University , Corner Hotels , Nine Network ,

The difficult gap between general and personal advice: Practical implications for advisers

The difficult gap between general and personal advice: Practical implications for advisers
In May 2019, ASIC released its
Mind the Gap report on financial advice, which explained that many consumers – that is, retail clients – are confused by the important distinction between general and personal advice.
A
Under the
Corporations Act 2001, ‘personal advice’ considers the retail client’s objectives, financial situation and needs; alternatively, it is advice where a ‘reasonable person’ might expect the adviser to have considered one or more of those things. ‘General advice’ is advice that is not personal advice.
The distinction matters because financial advisers’ obligations vary depending on whether the advice is general or personal. Among other things, general advice requires a general advice warning, while in the case of personal advice, the adviser must provide a ‘Statement of Advice’. Advisers would be aware that personal advice ....

Julia Vojkovic , Justice Gleeson , Justice Jacqueline Gleeson , Justice Michael Obryan , Co Commercial Law , Compliance Co , High Court , Corporations Act , Federal Court , Full Court , Michaelo Bryan , Thaw Htin , நீதி க்ளீசன் , நீதி ஜாக்குலின் க்ளீசன் , நீதி மைக்கேல் ஓப்ரியான் , இணை வணிகரீதியானது சட்டம் , இணக்கம் இணை , உயர் நீதிமன்றம் , நிறுவனங்கள் நாடகம் , கூட்டாட்சியின் நீதிமன்றம் , முழு நீதிமன்றம் ,

Court orders Dover advisers to split $1.2M penalty bill

The federal court has dished out a $1.2 million penalty to Dover Financial Advisers as part of the fallout from its 2019 judgement that the stricken licensee engaged in “false, misleading or deceptive conduct” when it provided almost 20,000 ‘client protection’ policies.
As part of the ruling the firm’s former sole director, Terence McMaster, has also been ordered to pay $240,000 for being “knowingly concerned” in Dover’s conduct.
Dover had its AFSL cancelled by ASIC in September 2018 after it found that the protection policy provided to clients actually stripped them of protections by creating a “significant imbalance in the rights and obligations of the adviser and their client”, as well as prioritising the interests of the firm and its representatives over those of the clients. ....

New South Wales , Terence Mcmaster , Justice Michael Obryan , Tahn Sharpe , Justice Obryan , Justice Michaelo Bryan , Justiceo Bryan , Danielle Press , Client Protection Policy , Advanced Diploma , புதியது தெற்கு வேல்ஸ் , டெரன்ஸ் மக்மாஸ்டர் , நீதி மைக்கேல் ஓப்ரியான் , நீதி ஓப்ரியான் , டேனியல் ப்ரெஸ் , வாடிக்கையாளர் ப்ரொடெக்ஶந் பாலிஸீ ,