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“Yes, it may be a regulatory loophole” agreed Ross Temby, chief executive officer of the new, Brisbane based Payments Network International (PNI) business. Temby was speaking in the wake of media reports that PNI, through its subsidiary – China Payment Services – is offering online merchants the ability to accept payments from Chinese customers who Click on the title to read more Tzvetkoff case exposes regulatory black hole for Internet payments down-under. Greg Medcraft, ASIC Chairman Paypal Australia is to sign on to a new industry code of conduct for Australian EFT payments to be known as the ePayments code. Administered by the corporate regulator, the Australian Securities and Investments Commission (ASIC), the new code replaces and updates the old EFT code of conduct, after a Click on the title to read more Paypal signs up to new EFT Code of Conduct Thursday 12th August 2010 A $10million capital raising and public float of the controversial Adelaide-based company, My ATM Holdings Limited, may still go ahead, despite a stop order issued by the Australian Securities and Investments Commission (ASIC). That’s not just because the original prospectus and its application form can still be downloaded Click on the title to read more My ATM float still alive despite ASIC stop order If it looks too good to be true it probably is. And a guaranteed 20% return definitely looks too good to be true. But thats exactly what promoters of an Automated Telling Machines (ATMs) investment scheme, including former Federal Liberal MPs, Grant Chapman and Ross Cameron, are offering. Even more remarkable is that the promoters Click on the title to read more ATM Reforms produce guaranteed 20% investment return? |
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