Search results “Australian securities investment commission act 2001”
Australian Securities and Investments Commission
The Australian Securities & Investments Commission is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope is determined pursuant to the Australian Securities and Investments Commission Act, 2001. ASIC is responsible for the administration of all or parts of the following legislation: This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1695 Audiopedia
[Strategy] Corporations Act 2001
How does the Corporations Act 2001 impact corporate cultures in Australia?
Views: 412 omega royal
Corporation act 2001
Business and corporation law
Views: 51 komal verma
S1 - 02 ASIC v Hellicar
A presentation on report of ASIC v Hellicar. This video briefs the viewer the exact outcomes out of the breach of Corporation Act 2001 section 180 (1) and the High Court judgement in regards of the issue.
Views: 51 Steven Cia
How to Build a Financial Empire: Investment Banks, Insurance, Consumer Loans & Stocks (2003)
Sanford I. "Sandy" Weill (born March 16, 1933) is an American banker, financier and philanthropist. He is a former chief executive and chairman of Citigroup. He served in those positions from 1998 until October 1, 2003, and April 18, 2006, respectively. About the book: https://www.amazon.com/gp/product/0743247264/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0743247264&linkCode=as2&tag=tra0c7-20&linkId=9a4623139d172f3b97151775dc62c2e0 Weill, shortly after graduating from Cornell University, got his first job on Wall Street in 1955 -- as a runner for Bear Stearns. In 1956, Weill became a licensed broker at Bear Stearns. Rather than making phone calls or personal visits to solicit clients, Weill found he was far more comfortable sitting at his desk, poring through companies' financial statements and disclosures made to the U.S. Securities and Exchange Commission. For weeks his only client was his mother, Etta, until Joan persuaded an ex-boyfriend to open a brokerage account. While working at Bear Stearns, Weill was a neighbor of Arthur L. Carter who was working at Lehman Brothers. Together with Roger Berlind and Peter Potoma they would form Carter, Berlind, Potoma & Weill in May 1960. In 1962 the firm became Carter, Berlind & Weill after the New York Stock Exchange brought disciplinary proceedings against Potoma. In 1968, with the departure of Arthur Carter, the firm was renamed Cogan, Berlind, Weill & Levitt (Marshall Cogan, Arthur Levitt), or CBWL jokingly referred to on Wall Street as "Corned Beef With Lettuce". Weill served as the firm's Chairman from 1965 to 1984, a period in which it completed over 15 acquisitions to become the country's second largest securities brokerage firm. The company became CBWL-Hayden, Stone, Inc. in 1970; Hayden Stone, Inc. in 1972; Shearson Hayden Stone in 1974, when it merged with Shearson Hammill & Co.; and Shearson Loeb Rhoades in 1979, when it merged with Loeb, Rhoades, Hornblower & Co. With capital totaling $250 million, Shearson Loeb Rhoades trailed only Merrill Lynch as the securities brokerage industry's largest firm. In 1981, Weill sold Shearson Loeb Rhoades to American Express for about $930 million in stock. (Sources differ on the precise figure.) In 1982, he founded the National Academy Foundation with the Academy of Finance to educate students that would graduate from High School. Weill began serving as president of American Express Co. in 1983 and as chairman and CEO of American Express's insurance subsidiary, Fireman's Fund Insurance Company, in 1984. Weill was succeeded by his protégé, Peter A. Cohen, who became the youngest head of a Wall Street firm. While at American Express, Weill began grooming his newest protégé, Jamie Dimon, the future CEO of JPMorgan Chase. Increasing tensions between Weill and the chairman of American Express, James D. Robinson III, led Weill to resign in August 1985 at age 52. After a failed attempt to become the CEO of BankAmerica Corp. (and "take over" Merrill Lynch, according to a Jamie Dimon interview in 2002), he set his sights a little lower and persuaded Minneapolis-based Control Data Corporation to spin off a troubled subsidiary, Commercial Credit, a consumer finance company. In 1986, with $7 million of his own money invested in the company, Weill took over as CEO of Commercial Credit. After a round of deep layoffs and reorganization, the company completed a successful IPO. In 1987, he acquired Gulf Insurance. The next year, he paid $1.5 billion for Primerica, the parent company of Smith Barney and the A. L. Williams insurance company. In 1989 he acquired Drexel Burnham Lambert's retail brokerage outlets. In 1992, he paid $722 million to buy a 27 percent share of Travelers Insurance, which had gotten into trouble because of bad real estate investments. In 1993 he reacquired his old Shearson brokerage (now Shearson Lehman) from American Express for $1.2 billion. By the end of the year, he had completely taken over Travelers Corp in a $4 billion stock deal and officially began calling his corporation Travelers Group Inc. In 1996 he added to his holdings, at a cost of $4 billion, the property and casualty operations of Aetna Life & Casualty. In September 1997 Weill acquired Salomon Inc., the parent company of Salomon Brothers Inc. for over $9 billion in stock. In April 1998, Travelers Group announced an agreement to undertake the $76 billion merger between Travelers and Citicorp, and the merger was completed on October 8, 1998. The possibility remained that the merger would run into problems connected with federal law. Ever since the Glass--Steagall Act, banking and insurance businesses had been kept separate. Weill and John S. Reed bet that Congress would soon pass legislation overturning those regulations, which Weill, Reed and a number of businesspeople considered not in their interest. http://en.wikipedia.org/wiki/Sandy_Weill
Views: 4347 The Film Archives
The Corporations Act and whistleblowers
ASIC Regional Commissioner Warren Day talks about the Corporations Act and whistleblowers.
Views: 1684 ASICmedia
Commercial Finance
Misleading or deceptive conduct - a warning in difficult times In the course of what remains one of the most turbulent economic periods experienced, providers of financial services must remain vigilant when discussing, dissecting and analysing available market information and providing financial advice to clients. The recent decision of Australian Securities and Investments Commission v Camelot Derivatives Pty Limited (In Liquidation) [2012] FCA 414 highlights the potential for allegations of misleading or deceptive conduct to be raised against financial service providers. Justice Foster's judgment focused upon the key provisions that govern misleading or deceptive conduct in financial services, namely those contained within the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act). Underwriters should bear these matters in mind when considering policy coverage issues or assessing the adequacy of the risk management strategies implemented by an insured Source: http://cgw.com.au/category/services/commercial/commercial-finance images: http://www.foliofinance.com.au
Views: 58 Andy Williams
CBA admits breaching obligations under Corporations Act
Commonwealth Bank admits breaching obligations under Corporations Act By business reporter Liz Hobday Australia's biggest bank has conceded to the banking royal commission it breached its obligations under the Corporations Act in selling some of its credit insurance products.The Commonwealth Bank ditched its CreditCard Plus (CCP) and Personal Loan Protection (PLP) products just weeks before the commission's first round of hearings last month.The bank had sold CCP to at least 65,000 unemployed customers — who would have been ineligible to claim on their policies in the event they suffered a disability or lost their jobs as they were unemployed when they were sold the policy in the first place.The Commonwealth Bank said it was refunding those customers $10 million.It said it has also set aside a further $16 million to refund an estimated 140,000 customers who bought its PLP and Home Loan Protection products.The commission heard the bank knew as early as 2015 its credit insurance products were being sold to unemployed customers.But the bank did not formally notify regulator the Australian Securities and Investments Commission (ASIC) until two years later, and only then after ASIC was alerted to the problem by a customer.In its latest written statement to the commission, the bank now said it accepts, in failing to roll out sales scripts that specifically highlighted the policies' employment exclusions, it breached its obligation under the Corporations Act "to do all things necessary to ensure that it provided the CCP and LPP products efficiently, honestly and fairly".
Views: 11 Tran Nam
Parliamentary Joint Committee on Corporations and Financial Services report No. 1
On behalf of the Parliamentary Joint Committee on Corporations and Financial Services, I present the committee's report No. 1 of the 44th Parliament entitled Statutory oversight of the Australian Securities and Investments Commission, the Takeovers Panel and the corporations legislation. This report has been prepared in accordance with the committee's duties as set out in section 243 of the Australian Securities and Investments Commission Act 2001. The report discusses the committee's inquiries into: the activities of the Takeovers Panel and ASIC; the operation of the corporations legislation; and ASIC's 2012-13 annual report. The committee examined a range of the proposals for reform of the Takeovers Panel. Based on the evidence before it, the committee considers that the Takeovers Panel is working effectively. The committee considers that while a number of the proposals for reform may have merit, the committee is not making any recommendations for changes at this time. The committee's examination of ASIC has been undertaken in the context of avoiding unnecessary duplication of the Financial System Inquiry and the Senate Economics References Committee inquiry into the performance of ASIC which have coincided with this oversight period. The committee will carefully examine ASIC's implementation of the government responses to both of those inquiries and will continue its detailed scrutiny of ASIC's performance in the next oversight report. The committee considered the penalty regime available to ASIC. The committee encourages the government to follow the recommendations of the Financial System Inquiry and the Senate Economics References Committee and hold an inquiry prior to determining a new penalty regime for ASIC. The committee has recommended that the review of penalties include a broadly based consultation process.
Views: 82 Michael Sukkar
LAW251 - Corporation Law
This unit consists of a study of the legal principles applicable to companies and other main forms of business associations in Australia. The principal focus of the unit is, however, on the analysis of relevant provisions of the Corporations Act 2001 (Cth) and the study of relevant case law in order to give students a sound understanding of the fundamental principles of corporate law. Topics include analysis of partnership law, agency law, corporate personality, company incorporation and its consequences, the company's constitution, the financing of companies, corporate governance rules for management of companies, duties and liabilities of directors and officers, shareholders' meetings, the principle of the majority rule and the minority protection, members' rights and remedies, financial reporting and audit requirements, takeovers and regulation of securities and financial services, companies in distress and the winding up of companies.
Views: 155 UNE School of Law
April 2018 Accounting Newsletter - Special Purpose Financial Statements
Entities currently preparing special purpose financial statements (SPFS) should take note that these are likely to be phased out in the next few years, particularly if lodged with the Australian Securities and Investments Commission (ASIC) under Part 2M.3 of the Corporations Act 2001 or Part 3-2 of the Australian Charities and Not-for-profits Commission Act 2012. Read full article: https://www.bdo.com.au/en-au/accounting-news/accounting-news-april-2018/special-purpose-financial-statements
Views: 109 BDO Australia
Securities Investor Protection Corporation
The Securities Investor Protection Corporation is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act of 1970 and mandates membership of most US-registered broker-dealers. It is not a Self-regulatory organization. "The SIPC fund, which constitutes an insurance program, is designed to protect the customers of brokers or dealers subject to the SIPA from loss in case of financial failure of the member. The fund is supported by assessments upon its members. If the fund should become inadequate, the SIPA authorizes borrowing against the U.S. Treasury. An analogy could be made to the role of the Federal Deposit Insurance Corporation in the banking industry." SIPC is required to report to, and be overseen by, the Securities and Exchange Commission. "Pursuant to SIPA, the Commission also has delegated authority to conduct inspections of SIPC, review SIPC annual reports, and approve SIPC’s bylaws, rules, and any amendments to the bylaws and rules." As the SIPC states on its website, "Though created by the Securities Investor Protection Act, SIPC is neither a government agency nor a regulatory authority. It is a nonprofit, membership corporation, funded by its member securities broker-dealers." This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 327 Audiopedia
What Is A Corporation In Australia?
https://goo.gl/6U6t22 - Subscribe For more Videos ! For more Health Tips | Like | Comment | Share : ▷ CONNECT with us!! #HealthDiaries ► YOUTUBE - https://goo.gl/6U6t22 ► Facebook - https://goo.gl/uTP7zG ► Twitter - https://twitter.com/JuliyaLucy ► G+ Community - https://goo.gl/AfUDpR ► Google + - https://goo.gl/3rcniv ► Visit us - http://healthaware.in/ ► Blogger - https://juliyalucy.blogspot.in/ Watch for more Health Videos: ► How To Avoid Unwanted Pregnancy Naturally: https://goo.gl/hRy93e ► Period Hacks || How To Stop Your Periods Early: https://goo.gl/dSmFgi ► Cold and Flu Home Remedies: https://goo.gl/biPp8b ► Homemade Facial Packs: https://goo.gl/NwV5zj ► How To Lose Belly Fat In 7 Days: https://goo.gl/EHN879 ► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY ► Natural Hand Care Tips At Home That Work: https://goo.gl/YF3Exa ► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b ► Natural Face Pack For Instant Glowing Skin: https://goo.gl/gvd5mM ► Get Rid of Stretch Marks Fast & Permanently: https://goo.gl/ZVYvQZ ► Eating Bananas with Black Spots: https://goo.gl/gXuri6 ► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H ► How Garlic Improves Sexual Stamina? https://goo.gl/GNcbYU ► Benefits of using Egg Shells: https://goo.gl/hAUyUS ► Home Remedies to Gain Weight Fast: https://goo.gl/jBVVQh ► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v ► Rapid Relief of Chest Pain (Angina): https://goo.gl/idAFZR ► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh ► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV ► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ ► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b ► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR --------- However if you use incorporator (the supplier of this information) the total cost will starting a company ($665), creating, forming or registering in australia how to start up company, create form register setting registration jul 3, 2017 set steps and costs for sole trader. Our australian corporate headquarters is located in port melbourne, victoria and we have a manufacturing plant altona. Public companies are required to lodge their annual accounts sep 26, 2017 a company is its own legal entity and lets you conduct business throughout australia. There are a number of important considerations for investors when deciding on how to enter the australian market or establishing business in australia. The name of your company can be its australian number (acn), the unique automatically given to a by asic when it's registered. Company registration register a company in australia abn optional. Australian corporate law wikipedia australian wikipedia en. In australia, a proprietary company is defined under section 45a(1) of the corporations act 2001 (cth) oct 29, 2017 limited, or ltd this public which may not be listed on australian stock exchange. Australian business number (abn). Australian corporate law wikipediaproprietary company wikipedia. All partners likewise, registration of an australian company is also australia wide 'thing' and commonly costs around $650 to $750 through a 'shelf provider' or 'company formation agent' $1200 $1500 accountant. Corporations masquerading as government in australia & world wideaustralian taxation office. Investors will generally need to choose between establishing a new company, registering as foreign company or acquiring an nzauconnectsimultaneously search both the zealand companies office (nzco) and australian securities investment commission (asic) business names registers. Your asic proprietary limited acn registration and 14 company set up documents essential for legal compliance good governance setting a business in australia. December 2015) australian corporations law has historically borrowed heavily from uk company. We are a wholly owned subsidiary of japan's toyota motor corporation. Generally, both companies and sole traders will need an abn sep 19, 2017 when you register as a company can choose to name, although name is not compulsory. Setting up a business in australia austradeaustralia. Establishing a business in australia toyota motor corporation. Wikipedia wiki australian_corporate_law url? Q webcache. Registering a company is different to registering business name. Its legal structure now consists of a single, national statute, the corporations act 2001. You can also make use of other privileges, such as corporate tax rates or limited liability. You can also from 1 july 2011, a notional business name registration system, administered by the. Australian securities and investments commission nov 6, 2012 why is a company called 'commonwealth of australia' registered in washington dc? Could 'austral
Views: 25 Fredda Winkleman
Don't Count Too Much on Financial Accounting, Auditing or Governance: Enron Lessons (2005)
William Arthur Niskanen (March 13, 1933 – October 26, 2011) was an American economist noted as one of the architects of President Ronald Reagan's economic programme and for his contributions to public choice theory. About the book: https://www.amazon.com/gp/product/0742544346/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0742544346&linkCode=as2&tag=tra0c7-20&linkId=e31e269288ba73a2f8e14b7f58783930 He was also a long-time chairman of the libertarian Cato Institute. https://en.wikipedia.org/wiki/William_A._Niskanen Paul G. Mahoney (born 1959) is an American law professor. He became Dean of the University of Virginia School of Law on July 1, 2008, succeeding John Calvin Jeffries. Mahoney graduated in 1981 from Massachusetts Institute of Technology and earned a law degree in 1984 from Yale Law School. He clerked for Judge Ralph K. Winter, Jr. of the United States Court of Appeals for the Second Circuit and for United States Supreme Court Justice Thurgood Marshall. He practiced law at Sullivan & Cromwell from 1986 until 1990, when he joined the Virginia law faculty. His areas of academic interest are securities regulation, law and economic development, corporate finance, financial derivatives and contracts. Mahoney is a member of the Council on Foreign Relations, and was an associate editor of the Journal of Economic Perspectives and a director of the American Law and Economics Association. https://en.wikipedia.org/wiki/Paul_Mahoney_(American_lawyer) Alan Reynolds (born c. 1943) is one of the original supply-side economists.[1] He is Senior Fellow at the Cato Institute and was formerly Director of Economic Research at the Hudson Institute (1990–2000). He served as Research Director with National Commission on Tax Reform and Economic Growth (the Kemp Commission), advisor to the National Commission on the Cost of Higher Education, and member of the Office of Management and Budget transition team in 1981. His studies have been published by the Organisation for Economic Co-operation and Development,[2] the Joint Economic Committee, the Federal Reserve Banks of Atlanta and St. Louis and the Australian Stock Exchange. The latter paper was influential in the decision by the Australian government to cut the capital gains tax rate, in 1999. Reynolds received his A.B. in economics from UCLA in 1965 and pursued graduate studies at night at California State University, Sacramento from 1967 to 1970. He is the author of Income and Wealth (Greenwood Press 2006) and The Microsoft Antitrust Appeal (Hudson Institute 2001). He also wrote for numerous publications since 1971, including The Wall Street Journal, The New York Post, National Review, The New Republic, Fortune, The New York Times, The Washington Post, The Washington Times and The Harvard Business Review. Reynolds is a former columnist with Forbes, Reason and Creators Syndicate. https://en.wikipedia.org/wiki/Alan_Reynolds
Views: 770 The Film Archives
2012 Amendments to the Corps Act 2001
Some important changes are going through the Australian parliament right now that are going to have an effect on the audit industry. This video is a quick run down on what they are and how they will effect the audit process. Most are increased powers of ASIC and the FRC.
Views: 63 Michael Cooper
How Do I Apply For An ACN?
Department of industry, innovation and science 18 jul 2017 what is an acn? In contrast, acn a nine digit number issued by the australian securities investments commission (asic). The changes form part of the federal abn lookup is public view australian business register (abr). Here's how you do it search for an abn australian company number (usually shortened to acn) is a unique nine digit issued by the securities and investments commission (asic) every registered under commonwealth corporations act 2001 as identifier. Federal treasury plans to consolidate current acn, tfn and abn abn, business management what is the difference between an acn? . To register a company in australia, all you need to do is fill out our easy form and pay the standard government asic fee. Register for an acn in australia company name registration online free application register a or business just $45 asic edge form. Doing so makes sure you receive all earned bonuses and commissions in a timely manner. Registration requires the completion of what is called a form 201 which can be lodged directly with asic over counter at your nearest office or by posting completed payment to australian securities and investments 22 jun 2017. Call 1300 829 666 today registration of company name is what every business in australia has to do order be able function. If you do not provide acn with your abn details, then any payments may be entitled to will placed on hold. If you have an abn, it is unnecessary to register for gst if must supply the australian business number or company name in order submit application on behalf of organisation. Online services department of the australian company number wikipedia. Legalvision search for an abn or acn. Au info plan register your company "imx0m" url? Q webcache. You will then be given an acn (australian company number). Acn documents delivered via email within 2 3 minutes. Receive your acn, abn & all relevant documents within 5 minutes. The acn basically gives your what to expect. The number is usually printed in three groups of digits Asic australian securities and register your company what are the set up steps costs? Steps to a. If you're setting up business as an individual (a 'sole trader'), it will speed things if you provide your tax file number (tfn) when apply. It provides access to the publicly available information supplied by businesses when they register for an australian business number (abn). Acn aid to the church in need how apply acnaustralian taxation office. Googleusercontent search. Asic australian securities and register your company what are the set up steps costs? Steps to a. If you want to run your business as a company, need register company and get an acn before can abn. It is a unique identifier purely for companies, unlike an abn which issued to all entities carrying on business. Asic australian securities and acn registration register your company online for only $523how do i apply an acn? Youtube. Companies shoul
Views: 52 Clix Clix
Video 02 - Starting Up A Company In Australia by Irving Law
More information on http://irvinglaw.com.au/ Video transcript: Starting up a company in Australia Hi, i’m James Irving from Irving law. Thank you for joining me. A lot of my clients ask me for help to start their own businesses. For a lot of them, forming a company is the best way forward. In this video i’m going to explain how to start a new company in Australia. The starting point for this discussion is that you have already thought carefully about what is the best business structure for you, and have decided that having a company is right. You need to choose the right business structure for your business. If you haven’t worked out which business structure is right for you yet, please also see our introductory video on business structures in Australia. While your business is unique, the proprietary limited company is a simple structure that is an excellent basis for most types of businesses. There are different types of companies. For the average for-profit business that has less than 50 owners, a proprietary limited company is usually the correct choice. Company law is a complex subject. In this short video, i will cover only the basics of what a company is and how it is formed. Before you start your own company and use it to operate your business, you should get advice from an accountant and a lawyer. This is the basic structure of a proprietary limited company. The shareholders, who are called “members”, are the owners. They meet together in “general meetings”. The members elect the directors, who manage the company in between members’ meetings. The rules for how all of this works, what powers the directors have, and so forth, are provided either by the corporations act, or, if the company has a constitution, by the constitution. Companies are legal entities equivalent (in many ways) to human beings. A company can own property, sue people and be sued. A company survives the death of its shareholders. They are created under a law, the corporations act, and are regulated by a government agency called ASIC: which stands for the “Australian securities and investments commission”. To start up a new company in Australia, the promoters must apply to asic to register the company. The first step is usually to select a name for the company that is not likely to be confused with an existing company, registered business name, or trade mark. In the registration application form, called a form 201, the promoters supply asic with a number of key pieces of information. This includes details of who will own the new company, in other words, who will be the members, how many shares they will own, and what kind of shares they will own. It is possible to have a company with only one shareholder. Shares can be of different classes. The basic type is called an ordinary share. Other types could be created to give the holders special rights. For example, investor class shares, for investors. In the form 201, the company promoters also have to explain who will manage the company, in other words, who the directors will be. The company secretary is a director who has special responsibilities. It is possible to have a company with only one director. The form also explains where the company will have its registered office. Once the company is registered, the act requires a sign to be placed in a prominent place at the office identifying it as the company’s registered office. Each person who becomes a member or a director of a company has to consent in writing. If the company’s office will be at a location occupied by another person or entity, the occupier of that place must also consent in writing... For full information, please refer to our website or speak to James directly. Irving Law - Perth lawyer Address: 439/441 Albany Highway, Victoria Park WA 6100 Phone: 0449 865 807 Email: [email protected]
Views: 1419 Irving Law
ASIC demands prospectus overhaul
The Australian Securities and Investment Commission is calling for an overhaul of business prospectuses to give investors more information.
The 2008 Financial Crisis: Crash Course Economics #12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1413713 CrashCourse
HI6027 Business and Corporate Law
ASIC v Citigroup Global Markets Australia PTY LTD
Views: 25 Stephanie Teo
ASIC takes Westpac to court over alleged poor financial advice | The New Daily
ASIC takes Westpac to court over alleged poor financial advice | The New Daily: . Thanks for watching, subscribe for more videos: https://www.youtube.com/channel/UC_PwdFVp32NtZPUqZfAM_jw?sub_confirmation=1  The corporate watchdog ASIC has commenced civil proceedings against Australia’s second-biggest bank Westpac, over alleged ‘poor’ financial advice. It comes less than two months after shocking revelations of dodgy behaviour in the financial advice arms of the big banks and AMP came out in the royal commission. The latest allegations relate to Perth-based financial planner Sudhir Sinha, who worked for Westpac between 2001 and 2014. In the latest case, ASIC alleges that Mr Sinha did not comply with his clients’ ‘best interests’ as stipulated in the Corporations Act. In Court documents filed on Thursday, the watchdog claimed Mr Sinha had “provided inappropriate financial advice, and failed to prioritise the interests of his clients”. Last year Mr Sinha was banned from providing financial services for five years. However, ASIC has decided to take Westpac to court because it claims the bank is liable for the alleged breaches of the ‘best interests’ obligations. The watchdog also alleges that Westpac contravened sections of the Act that require Westpac “to do all things necessary to ensure that the financial services covered by its licence are provided efficiently, honestly and fairly, and to comply with financial services laws”. If the court decides in ASIC’s favour, Westpac could be liable to pay a fine of up to $1 million. ASIC noted, however, that Westpac has “a significant remediation programme underway” in respect of Mr Sinha’s conduct. Westpac has reported to ASIC that it had paid approximately $12 million in compensation to clients impacted by Mr Sinha’s poor advice and ongoing advice service failures. The hearing is scheduled for July 19 at 9.30am at the Federal Court in Sydney. #ASIC, #takesWestpac, #court, #over, #alleged, #poor, #financial, #advice, #|TheNewDaily
Views: 5 Vito Babb
The Coalitions Policy Discussion Paper on Foreign Investment
Tony Abbott Joint Press Release - The Coalition's Policy Discussion Paper on Foreign Investment in Australian Agricultural Land and Agribusiness 03/08/12 The Coalition unambiguously welcomes and supports foreign investment. Foreign investment has been and will continue to be instrumental to the economic development and growth of Australia. We support a foreign investment regime that strengthens our economy, promotes growth, and fosters confidence that foreign investment is in our national interest. The release of the Coalition's Policy Discussion Paper on Foreign Investment in Australian Agricultural Land and Agribusiness recognises there is scope to improve Australia's foreign investment regime when it comes to investment in agricultural land and agricultural business. Many nations including China, India, Brazil, the United States and New Zealand have foreign investment regimes that provide more regulatory oversight and greater transparency than ours in terms of land holdings. We believe proper oversight can provide greater certainty to investors and ensure there is greater confidence in the Australian community that the investment taking place in agriculture and agribusiness is in our national interest. The Coalition supports the Foreign Investment Review Board (the FIRB) and the Free Trade Agreements to which Australia is a signatory. The Policy Discussion Paper affirms this support. The Coalition recognises that the thresholds and guidelines regarding foreign investment in the general business sector are not necessarily the right settings for the agricultural sector. In its Policy Discussion Paper, the Coalition is seeking community and industry comment on the following proposals: - Developing and implementing a national register of foreign ownership of real property in cooperation with state land titles offices and, through the Australian Securities and Investments Commission, a national register of foreign ownership of businesses valued above an appropriate threshold; - FIRB consideration of any proposed foreign acquisition of agricultural land valued at $15 million or more (cumulative); - FIRB consideration of any proposed foreign acquisition of an agribusiness where the investment exceeds $53 million or represents a stake of 15 per cent or more in an agribusiness which is valued at $244 million (whichever is smaller); - Retention of the uncodified national interest test; - Requiring any foreign applicant subject to the national interest test to disclose any direct or indirect ownership or direct source of influence by a foreign government; and - Increasing the FIRB to seven members, including at least one individual with agricultural sector expertise. As foreign investment is vital to Australia's ongoing economic prosperity, we are committed to ensuring that the Coalition's foreign investment policy is thorough, practical, achievable and likely to further promote foreign investment that is not contrary to the national interest. The community and industry are invited to participate in the Policy Discussion Paper process and written submissions can be submitted until 31 October 2012. for more go to www.nsw.liberal.org.au
Views: 184 Liberal Party NSW
Evo Media director Mark Anthony served by ASIC and questioned by True Crime News Weekly   May 17, 20
SYDNEY, AUSTRALIA - MAY 17, 2017 True Crime News Weekly confronts Evo Media company director, Mark Anthony, as he gets served by ASIC over a host of corporate crimes. Mr Anthony - who owns Australia's largest LGBTIQ media group - is accused of committing a phoenix scam in 2013 as well as illegally acting as a company director, among other possible charges. Earlier in the day, Mr Anthony had been involved in a court case where he is alleged to have broken a lease for Evo Media's offices and was left owing about $60,000 to the building's landlords. Mr Anthony is also being investigated by NSW Police for defrauding party promoters of almost $10,000 worth of event tickets in the past few months. There are also questions over Evo Media's bizarre and possibly corrupt long-term relationship with the AIDS Council of NSW for the last 10 years. The Independent Commission Against Corruption (ICAC) has received a report over possible corruption. FOR THE REST OF THE STORY, VISIT: www.TrueCrimeNewsWeekly.com #TrueCrime #TrueCrimeNewsWeekly
Bonnie Glaser: US-China Relations at a Crossroads
Sponsored by the John Sloan Dickey Center for International Understanding at Dartmouth College Recorded October 22, 2018 Ms. Glaser is a senior advisor for Asia and the director of the China Power Project at CSIS, where she works on issues related to Asia-Pacific security with a focus on Chinese foreign and security policy. Ms. Glaser is a Non-Resident Fellow with the Lowy Institute in Sydney, and a senior associate with the Pacific Forum. Prior to joining CSIS, Ms. Glaser served as a consultant for various U.S. government offices, including the Departments of Defense and State. Ms. Glaser has written extensively on Chinese threat perceptions and views of the strategic environment, China’s foreign policy, Sino-U.S. Relations, U.S.-China military ties, cross-strait relations, Chinese assessments of the Korean peninsula, and Chinese perspectives on missile defense and multilateral security in Asia. Her writings have been published in, among others, the Washington Quarterly, China Quarterly, Asian Survey, International Security, Contemporary Southeast Asia, American Foreign Policy Interests, Far Eastern Economic Review, and Korean Journal of Defense Analysis, New York Times and International Herald Tribune. Ms. Glaser is also a regular contributor to the Pacific Forum quarterly Web journal Comparative Connections. Ms. Glaser is a board member of the U.S. Committee of the Council for Security Cooperation in the Asia Pacific and a member of both the Council on Foreign Relations and the International Institute for Strategic Studies. Ms. Glaser served as a member of the Defense Department’s Defense Policy Board China Panel in 1997. Ms. Glaser received her B.A. in political science from Boston University and her M.A. with concentrations in international economics and Chines studies from The Johns Hopkins School of Advanced International Studies.
Views: 568 Dartmouth
Prospectuses and exam things
Ok, my attempt at making a shorter video kind of failed, sorry =p But here be a life update, about exams, prospectuses/prospecti, and general answering other shizz that people asked =]
Views: 36 thevlogshed
How to Fix Stock Market Regulation: Task Force Report on the Crash (1988)
Market abuse may arise in circumstances where financial investors have been unreasonably disadvantaged, directly or indirectly, by others who: have used information which is not publicly available (insider dealing) have distorted the price-setting mechanism of financial instruments have disseminated false or misleading information Market Abuse is split into two different aspects (Under EU definitions):[1] Insider dealing: Where a person who has information not available to other investors (e.g. a Director with knowledge of a takeover bid) makes use of that information for personal gain; Market manipulation: Where a person knowingly gives out false or misleading information (For instance about a company's financial circumstances) in order to influence the price of a share for personal gain. In 2013/2014, the EU updated its legislation on market abuse, and harmonised criminal sanctions. http://en.wikipedia.org/wiki/Market_abuse Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency. Market manipulation is prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2)[1] of the Securities Exchange Act of 1934, in Australia under Section 1041A of the Corporations Act 2001, and in Israel under Section 54(a) of the securities act of 1968. The Act defines market manipulation as transactions which create an artificial price or maintain an artificial price for a tradeable security. Market manipulation is also prohibited for wholesale electricity markets under Section 222 of the Federal Power Act[2] and wholesale natural gas markets under Section 4A of the Natural Gas Act.[3] Stock Bashing: "This scheme is usually orchestrated by savvy online message board posters (a.k.a. "Bashers") who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation. Immediately after the stock conversion is complete and shares are issued to the Investor Relations firm, consultant, attorney or similar party, the basher/s then become friends of the company and move quickly to ensure they profit on a classic Pump & Dump scheme to liquidate their ill gotten shares. (see P&D)" http://en.wikipedia.org/wiki/Market_manipulation
Views: 189 Remember This
Revolution OS - 2001 - Multilingual (16 languages)
Subtitles found on OpenSubtitles.org: Arabic, Bulgarian, Chinese, Croatian, Czech, English, French, German, Greek, Polish, Portuguese, Rumanian, Russian, Spanish, Serbian, Turk. EN: Synopsis: Revolution OS is a 2001 documentary film that traces the twenty-year history of GNU, Linux, open source, and the free software movement. Directed by J. T. S. Moore, the film features interviews with prominent hackers and entrepreneurs including Richard Stallman, Michael Tiemann, Linus Torvalds, Larry Augustin, Eric S. Raymond, Bruce Perens, Frank Hecker and Brian Behlendorf. Source : https://en.wikipedia.org/wiki/Revolution_OS FR : Synopsis : Revolution OS est un film documentaire datant de 2001 qui retrace l'histoire des mouvements GNU, Linux, Open Source et des logiciels libres et dans lequel plusieurs personnalités de l'informatique sont interviewées, comme Richard Stallman, Michael Tiemann, Linus Torvalds, Larry Augustin, Eric S. Raymond, Bruce Perens, Frank Hecker et Brian Behlendorf. Il a été réalisé par J. T. S. Moore. Source : https://fr.wikipedia.org/wiki/Revolution_OS J'ai corrigé du mieux que j'ai pu les sous-titres français ;-)
Views: 15279 I Moved to Diaspora
Public vs. Private Companies
Publicly traded vs. Privately held companies. What’s the difference and why do public companies sometimes return to being private?
Views: 12926 TDAmeritrade
Proprietary company
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited. However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 535 Audiopedia
War & Peace - October 2, 2018 - Peter Phillips
Global Power Elite and Permanent War!. The War & Peace Lecture Series is a multi-disciplinary program that has provided the campus and local community with cultural enrichment since 1986. It presents academic and community speakers who discuss who help us understand the causes of war and the possibilities of practicing peace.
Views: 22 CSUSonoma
The 2008 Global Financial Turmoil: Prof Warwick McKibbin talks to Dr Jan Libich
Prof Warwick McKibbin from the ANU and former Reserve Bank of Australia board member offers an fascinating summary of the 2008 financial crisis: its causes, consequences, and policy lessons. October 26, 2012. Warwick's website: https://crawford.anu.edu.au/crawford_people/content/staff/wmckibbin.php, Jan's website: www.janlibich.com.
Views: 2413 Jan Libich
Congressman Christopher Collins Charged With Insider Trading & Lying To Federal Law Enforcement
Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the arrests of CHRISTOPHER COLLINS, a Congressman representing the 27th District of New York, CAMERON COLLINS, the son of CHRISTOPHER COLLINS, and STEPHEN ZARSKY, the father of CAMERON COLLINS’s fiancée, on charges of participating in a scheme to commit insider trading relating to securities of Innate Immunotherapeutics (“Innate”), an Australian biotechnology company on whose Board of Directors CHRISTOPHER COLLINS served. As alleged in the Indictment, in June 2017, CHRISTOPHER COLLINS, who possessed material, nonpublic information through his service on Innate’s board of directors, betrayed his duties of trust and confidence to Innate by providing inside information to his son, CAMERON COLLINS, about confidential drug trial results so that his son and others, including ZARSKY, could trade before the drug trial results were publicly announced. As a result of CHRISTOPHER COLLINS’s illegal tips, CAMERON COLLINS, ZARSKY, and others who received the inside information avoided a total of approximately $768,000 in losses. When later interviewed by the FBI, CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY each made false statements to cover up their participation in the insider trading scheme. For more information, click the following link: https://www.justice.gov/usao-sdny/pr/congressman-christopher-collins-and-others-charged-manhattan-federal-court-insider
Views: 143 USAOSDNY
What is Reverse Mortgage? | Examples of Reverse Mortgage in Canada, USA & Australia
A reverse mortgage or home equity conversion mortgage (HECM) is a type of home loan for older homeowners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance. Reverse mortgages allow elders to access the home equity they have built up in their homes now, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the borrower's estate) is generally not required to repay any additional loan balance in excess of the value of the home. Specific rules for reverse mortgage transactions vary depending on the laws of the jurisdiction. For example, in Canada, the loan balance cannot exceed the fair market value of the home by law. One may compare a reverse mortgage with a conventional mortgage, where the homeowner makes a monthly payment to the lender, and after each payment, the homeowner's equity increases by the amount of the principal included in the payment. Regulators and academics have given mixed commentary on the reverse mortgage market. Some economists argue that reverse mortgages may benefit the elderly by smoothing out their income and consumption patterns over time. However, regulatory authorities, such as the Consumer Financial Protection Bureau, argue that reverse mortgages are "complex products and difficult for consumers to understand", especially in light of "misleading advertising", low-quality counseling, and "risk of fraud and other scams". Moreover, the Bureau claims that many consumers do not use reverse mortgages for the positive, consumption-smoothing purposes advanced by economists. In Canada, the borrower must seek independent legal advice before being approved for a reverse mortgage. Australia: Eligibility: Reverse mortgages are available in Australia. Under the Responsible Lending Laws the National Consumer Credit Protection Act was amended in 2012 to incorporate a high level of regulation for reverse mortgage. Reverse mortgages are also regulated by the Australian Securities and Investments Commission requiring high compliance and disclosure from lenders and advisers to all borrowers. Borrowers should seek credit advice from an accredited reverse mortgage specialist before applying for a reverse mortgage. Anyone who wants to engage in credit activities (including lenders, lessors and brokers) must be licensed with ASIC or be a representative of someone who is licensed (that is, they must either have their own licence or come under the umbrella of another licensee as an authorised credit representative or employee)(ASIC) Eligibility requirements vary by lender. To qualify for a reverse mortgage in Australia, the borrower must be over a certain age, usually 60 or 65 years of age; if the mortgage has more than one borrower, the youngest borrower must meet the age requirement. the borrower must own the property, or the existing mortgage balance must be low enough that it will be extinguished by the reverse mortgage proceeds, thus leaving the reverse mortgage as the only debt that remains secured against the property. ...................................................................................... Sources: Text: https://en.wikipedia.org/wiki/Reverse_mortgage Background Music: Evgeny Teilor, https://www.jamendo.com/track/1176656/oceans The Lounge: http://www.bensound.com/royalty-free-music/jazz Images: www.pixabay.com www.openclipart.com .................................................................................................
Views: 132 Free Audio Books
JOHN MAYNARD KEYNES: The Economic Consequences of the Peace FULL Audiobook
JOHN MAYNARD KEYNES: The Economic Consequences of the Peace FULL Audiobook - The Economic Consequences of the Peace (1919) is a book written and published by John Maynard Keynes. Keynes attended the Versailles Conference as a delegate of the British Treasury and argued for a much more generous peace. It was a bestseller throughout the world and was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace". It helped to consolidate American public opinion against the treaty and involvement in the League of Nations. The perception by much of the British public that Germany had been treated unfairly in turn was a crucial factor in public support for appeasement. The success of the book established Keynes' reputation as a leading economist especially on the left. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan after Second World War is a similar system to that proposed by Keynes in The Economic Consequences of the Peace. The book was released in late 1919 and became an immediate bestseller on both sides of the Atlantic: it was released in the US in 1920. The scathing sketches of Wilson, Lloyd George and Clemenceau proved to be very popular and the work established Keynes' reputation with the public as a leading economist. In six months, the book had sold 100,000 copies with translations into 12 languages. It restored Keynes' reputation with the Bloomsbury Group which had been tarnished by his work for the treasury during the war. Keynes returned to Cambridge to work as an economist where he was regarded as the leading student of Alfred Marshall.(summary adapted from wikipedia.org - Attribution: http://en.wikipedia.org/w/index.php?title=The_Economic_Consequences_of_the_Peace&action=history) - SUBSCRIBE to Greatest Audio Books: http://www.youtube.com/GreatestAudioBooks - Become a FRIEND: Facebook: http://www.Facebook.com/GreatestAudioBooks Google+: - READ along by clicking (CC) for Closed Caption Transcript! - LISTEN to the entire audiobook for free! Chapter listing and length: 01 - Chapter 1 Preface and Introductory -- 00:07:49 02 - Chapter 2 Europe Before the War -- 00:22:01 03 - Chapter 3 The Conference -- 00:36:08 04 - Chapter 4A The Treaty -- 00:31:06 05 - Chapter 4B The Treaty -- 00:30:57 06 - Chapter 5A Reparations -- 00:24:17 07 - Chapter 5B Reparations -- 00:38:59 08 - Chapter 5C Reparations -- 00:43:19 09 - Chapter 5D Reparations -- 00:21:03 10 - Chapter 6 Europe After the Treaty -- 00:30:31 11 - Chapter 7 Remedies -- 00:35:51 12 - Chapter 7B Remedies -- 00:19:17 Total running time: 5:41:18 Read by Graham McMillan In addition to the reader, this audio book was produced by: Meta-Coordinator/Cataloging: MaryAnn This is a Librivox recording. All Librivox recordings are in the public domain. For more information or to volunteer visit librivox.org. This video: Copyright 2013. Greatest Audio Books. All Rights Reserved.
Views: 15090 Greatest AudioBooks
White House Initiative on Elder Abuse and Financial Exploitation Panel 2
The White House Office of Public Engagement, in collaboration with the Administration for Community Living, the Department of Justice, and the Consumer Financial Protection Bureau, hosts an event highlighting elder abuse and financial exploitation, featuring Administration officials as well as individuals and organizations committed to addressing elder abuse and financial exploitation in their local communities. In the event's second panel discussion, participants address innovative and collaborative efforts to respond to financial exploitation once detected. June 14, 2012.
Views: 2335 The Obama White House
Beyond Our Paradise (2018 documentary)
Exploring the hidden side of past and current events: covering: Israel and the theft of the Palestinian land, the difference between Jewish people and Zionists, our Monetary-System and the Rothschild global banking syndicate, the downfall of countries resisting the Rothschild family, the threat to our Privacy and Freedom of Speech. Historic events from World War 1 and World War 2, to Concentration Camps and Eugenics. The documentary will also cover Political Correctness, the Transgender Agenda and much more. If you want to support us create more videos you can help us the following way: Patreon: https://www.patreon.com/Whatcoulditbe Paypal: http://goo.gl/m7uEWh Merchandise: http://www.cafepress.com/whatcoulditbe Video quality: HD1080p60 English Subtitles
Views: 1102 What could it be
Public Hearing on U.S. Trade Deficits
The Department of Commerce and the United States Trade Representative are holding a public hearing on Thursday, May 18, at the U.S. Department of Commerce in Washington D.C., at 9:30 am. The Trump administration is analyzing the causes of America’s persistent and massive trade deficits. U.S. Secretary of Commerce Wilbur Ross is asking for input from American stakeholders on the factors that contribute to the more than $500-billion-annual goods and services trade deficit facing the United States. Read more on Trade.gov: https://blog.trade.gov/2017/05/05/provide-input-on-the-united-states-trade-deficit/ Federal Register Notice: https://www.regulations.gov/document?D=ITA-2017-0003-0001
Corporate governance
Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. Governance structures identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs. Corporate governance includes the processes through which corporations' objectives are set and pursued in the context of the social, regulatory and market environment. Governance mechanisms include monitoring the actions, policies and decisions of corporations and their agents. Corporate governance practices are affected by attempts to align the interests of stakeholders. There has been renewed interest in the corporate governance practices of modern corporations, particularly in relation to accountability, since the high-profile collapses of a number of large corporations during 2001–2002, most of which involved accounting fraud; and then again after the recent financial crisis in 2008. Corporate scandals of various forms have maintained public and political interest in the regulation of corporate governance. In the U.S., these include Enron and MCI Inc. (formerly WorldCom). Their demise is associated with the U.S. federal government passing the Sarbanes-Oxley Act in 2002, intending to restore public confidence in corporate governance. Comparable failures in Australia (HIH, One.Tel) are associated with the eventual passage of the CLERP 9 reforms. Similar corporate failures in other countries stimulated increased regulatory interest (e.g., Parmalat in Italy). This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 10244 Audiopedia
Banking in Australia
The banking sector in Australia consists of a number of banks licensed to carry on banking business under the Banking Act 1959, foreign banks licensed to operate through a branch in Australia, and Australian-incorporated foreign bank subsidiaries. The banking system is liquid, competitive and well developed. For the 10 years ended mid-2013, the Commonwealth Bank was ranked first in Bloomberg Riskless Return Ranking a risk-adjusted 18%. Westpac Bank was in fourth place with 11% and ANZ Bank was in seventh place with 8.7%. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 819 Audiopedia
McKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm headquartered in the U.S. The firm serves as an adviser to businesses, governments, and institutions. It was founded in 1926 in Chicago by James McKinsey as James O. McKinsey & Company and is now headquartered in New York City. Many chief executive officers of large companies have worked at the firm. There were over 100 McKinsey offices in 60 countries as of September 2013. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 4251 Audiopedia
International Financial Reporting Standards
International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books of accounts which is comparable, understandable, reliable and relevant as per the users internal or external. IFRS, with the exception of IAS 29 Financial Reporting in Hyperinflationary Economies and IFRIC 7 Applying the Restatement Approach under IAS 29, are authorized in terms of the historical cost paradigm. IAS 29 and IFRIC 7 are authorized in terms of the constant purchasing power paradigm. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 5111 Audiopedia
Money laundering
Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets. However in a number of legal and regulatory system the term money laundering has become conflated with other forms of financial crime, and sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies such as bitcoin, credit cards, and traditional currency), including terrorism financing, tax evasion and evading of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system. Money obtained from certain crimes, such as extortion, insider trading, drug trafficking, illegal gambling and tax evasion is "dirty". It needs to be cleaned to appear to have derived from non-criminal activities so that banks and other financial institutions will deal with it without suspicion. Money can be laundered by many methods, which vary in complexity and sophistication. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 7583 Audiopedia
Dhammika Dharmapala, "The 'Credibility Revolution' in Empirical Law and Economics"
Dhammika Dharmapala is the Julius Kreeger Professor of Law at the University of Chicago Law School. The 2016 Coase Lecture was presented on February 16, 2016.
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States, with total assets of US$2.515 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's third largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, J.P. Morgan Asset Management, private banking, private wealth management and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, U.S.; and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S. JPMorgan Chase & Co. is considered to be a universal bank. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1518 Audiopedia
HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is one of the world's largest banks. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. As such, the company refers to both the United Kingdom and Hong Kong as its "home markets". This video targeted to blind users. Attribution: Article text available under CC-BY-SA Public domain image source in video
Views: 7672 encyclopediacc
Australian property bubble
The Australian property bubble refers to the hypothesis that real estate in Australia is overvalued. The hypothesis has been proposed since at least 2001, yet Australian house prices have continued to rise. Some commentators, including one Treasury official, claim the Australian property market is a significant bubble. Various industry professionals have suggested it is not a bubble and that house prices have the potential to keep rising in line with income growth. Commentators have accused state governments of restricting land supply, driving up the cost of land, lots, and thus homes. A real estate bubble or property bubble is a type of economic bubble that occurs periodically in local or global real estate markets. It is normally characterised by rapid increases in valuations of real property such as housing until they reach unsustainable levels relative to incomes and rents, and then decline. Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s, however from 2003 to 2012 the price to income ratio and price to rent ratio have both remained fairly steady, with house prices tracking income and rent growth during that decade. Since 2012 prices have once again risen strongly relative to incomes and rents. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 863 Audiopedia

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