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Showing 91 - 100 of 132 results for "NTA"

ASIC increases NTA requirements for custodians

JAMES FERNYHOUGH  |  MONDAY, 1 JUL 2013
... Investments Commission (ASIC) has introduced new regulations over the amount custodians are required to hold in net tangible assets (NTA). Under the new regulations, custodians must hold 10% of average annual revenue in NTA, with a lower limit of $10 ...

ASIC MDA review requires further clarity: IMAP

ALICE URIBE  |  TUESDAY, 30 APR 2013
... relationship or size of funds under management." IMAP also proposed that a longer transition to any new Net Tangible Assets (NTA) requirements with an earliest effective date of 2015, and has requested ASIC makes it clear that a review can be taken through ...

Managed accounts set for an overhaul

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... are charged, as some operators bundle up fees a range of different services and this may impact on their Net Tangible Asset (NTA) requirements," McIlroy said. Mason Stevens managing director and chief executive Tom Bignill added that the proposals clear ...

Listed fund's shareholders approve merger

BEN COLLINS  |  TUESDAY, 11 DEC 2012
... year. Through the offer, WAM capital will acquire all of Premium Investors' shares on a before tax net tangible assets for NTA basis. Although the WAM Capital board expects all of Premium Investors' assets to be managed in a similar way to WAM Capital's ...

Wilson HTM deals to Mariner concerns

BEN COLLINS  |  FRIDAY, 26 OCT 2012
... offer. If it gains board representation, Mariner said that it would "bridge the gap" between Wilson's net tangible assets (NTA) and its current trading price. Wilson's NTA was $48 million, compared to a market capitalisation of $21.5 million at 30 June ...

ASIC raises bar on OTC derivatives

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... ASIC. The Australian Securities & Investments Commission (ASIC) yesterday announced an increase in minimum net tangible asset (NTA) requirements for retail over-the-counter (OTC) derivative issuers. ASIC commissioner Greg Tanzer said the new requirements ...

Provident Capital leaves 3500 investors in limbo

MELANIE TIMBRELL  |  FRIDAY, 6 JUL 2012
... determined the company was solvent, O'Sullivan told Financial Standard in June, and Provident did not accept there was an NTA deficiency, although he acknowledged the same firms had raised potential issues on this point. "We are of the firm belief that ...

Provident Capital reaffirms solvency

MELANIE TIMBRELL  |  WEDNESDAY, 20 JUN 2012
... Trustees (AET), applied to the Federal Court following concerns regarding a potential deficiency of the net tangible assets (NTA) of the company. The Federal Court made orders restraining Provident from paying money to debenture holders on an interim ...

Ausgrowth unitholders revolt against APGF

BEN COLLINS  |  WEDNESDAY, 9 MAY 2012
... was one of the original founders of the Austgrowth property syndicates. Three of the four funds remaining currently have an NTA per unit well below their issue price of $1.00 despite an improving property market. Arnold and Bacon said that investors ...

ASIC: New regulations for responsible entities

ELISE BURGESS  |  TUESDAY, 8 NOV 2011
... integrity of our markets," said Medcraft. Several new requirements include REs holding more than $150,000 in net tangible asset (NTA) capital requirements, 0.5% of the average value of scheme property (capped at $5 million), or 10% of the average RE ...