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Showing 1031 - 1040 of 3320 results for "Trustees"

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... number of SMSFs purchasing and investing in the development of real property. The ATO said it strongly encourages SMSF trustees who may be considering property development to seek professional advice and to approach the ATO for advice if necessary. The ...

Business leaders recognised

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... Tennis Australia and The Hunger Project. QSuper board member and fellow of the Australian Institute of Superannuation Trustees, Elizabeth Mohl, also made the list for her contributions to the superannuation sector. Mohl was previously a board member ...

Boutique to remediate clients

KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... certain fund related expenses in addition to the management fees disclosed in the PDS," the responsible entity Equity Trustees said in communication sent to investors. Alpha was to remedy the error by making a one-off adjustment in the funds' NAV ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... previously advised, completion is conditional upon consent (or a court order to the same effect) for the sale from Taiping Trustees Limited (China-Taiping) and we note that the receivers are working with China-Taiping and its advisers in this regard. ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
... subject to the satisfaction of conditions precedent. One condition precedent is to obtain consent to the sale from Taiping Trustees Limited (ChinaTaiping), a Chinese state owned financier that is a creditor of Sargon Capital Pty Ltd, or alternatively ...

Newgate fund starts new life

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
Equity Trustees has handed over the management of Newgate Real Estate and Infrastructure Fund to a new manager, as Newgate Capital announces its intention to retire from the fund. Starting July 1, the fund will be folded into the Sanlam Real Assets ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
Vasco Trustees and ASIC had grave concerns about the financial position of Mayfair 101 for months before receivers were appointed to IPO Wealth, according to court filings. Filings from Vasco Trustees, the trustee for the IPO Wealth Fund, in the Supreme ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... OneVue is looking to recoup about $31 million owed to it by under-liquidation Sargon Capital, from when it sold Diversa Trustees and CCSL business to Sargon. As of this morning, OneVue's receipts from all four avenues are under a cloud as fresh claims ...

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... moment, its liquidators estimate there will be a $79 million shortfall. The three biggest of its creditors are Taiping Trustees ($99.5 million) followed by Diversa Pty Ltd ($31.3 million) and Trimantium Investments Management ($10.14 million). Wexted ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... second wave of the COVID-19 outbreak leading to further social distancing measures. "That's the biggest fear for most SMSF trustees," he said. "That would trigger losses in retirement savings and trustees would force many to sell down some shares to ...