Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 282 results for "Managed Investment Schemes"

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... investment strategies within the same structure. ASIC said it recognises the similarities between CCIVs and managed investment schemes. It considers that AFSLs authorised to provide financial product advice on and/or deal in managed investment schemes ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... consumer access to the scheme - leaving Australians unprotected if they invest in products such as managed investment schemes that later collapse," FPA chief executive Sarah Abood said. Under the proposed model, the government has also missed an opportunity ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... Peter Burgess pointed to deficiencies in the proposed bill that will fail to protect its members. That managed investment schemes are excluded from the scheme is a major concern for the industry, particularly as retail investors suffered substantial ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... as a result of misconduct relating to a targeted range of financial products and services, excludes managed investment schemes or other high risk financial products. "We've made sure banks pay towards the cost of establishment of the CSLR, and I'm ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... timeshare company and has commenced civil penalty proceedings. ASIC classifies timeshare schemes as managed investment schemes and financial products that involve property in the form of holiday accommodation, describing them as "complex" and costly. ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... jurisdiction of the Australian Financial Complaints Authority. As it stands, the draft legislation excludes managed investment schemes and the funeral expenses industry which means that some large financial institutions including product providers are ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... regulation of the industry it received backlash, particularly after Frydenberg defined class actions as managed investment schemes.

CSLR raises concern among advisers

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... the government's proposed Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation. The association points out that the products and services covered by the new law ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... Paper 343 also covers listed investment companies, listed investment trusts and unlisted registered managed investment schemes. "We consider that cryptoasset ETPs have unique features and risks which need to be recognised by market operators and product ...