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Showing 121 - 130 of 291 results for "Managed investment schemes"

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... continue limited operations until 21 January 2021 to facilitate the winding up of its four registered managed investment schemes. Australian Golden Securities is required to maintain public indemnity insurance and AFCA membership for 12 months. ASIC ...

ASIC bans Linchpin directors

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... Linchpin and Endeavour for contravening multiple provisions of the Corporations Act while operating two managed investment schemes, both called 'Investport Income Opportunity Fund'. The court ordered the winding up of the funds as well as Endevour and ...

EQT bolsters board

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... they are the beneficiaries of estates and foundations, members of superannuation funds or investors in managed investment schemes." She argued the trustee firm balanced the needs of its clients as well as its shareholders. "While it has a strong balance ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... for the year ending 30 June 2018, lodge reports or compliance plan auditor reports for the registered managed investment schemes it operates or notify ASIC of changes to its external dispute resolution scheme. ASIC added the company has also failed to ...

Equity Trustees renews custody mandate

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... fund accounting, regulatory reporting, compliance and tax services across a range of Equity Trustees managed investment schemes and trusts. State Street Global Services Australia head Daniel Cheever said the new agreement solidifies the business' ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... to have a majority of independent directors with skills and background relevant to the operation of managed investment schemes and IDPS platforms. It must also established an Office of the Responsible Entity (ORE) which will oversee IISL's compliance ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
... under the ATO benchmark rule to the next financial year. What is the 'benchmark ceiling' rule? Any managed investment schemes, including ETFs, must pass a 'holding test' before they can pass on any franking credits earned on their fund's holdings to ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... ASIC flagged that its broader review of the fees and costs disclosure regime for superannuation and managed investment schemes (RG97 Disclosing fees and costs in PDSs and periodic statements) is continuing and will not affect the PYSP requirements and ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... executives of Australian Mutual Holdings - an AFSL holder and responsible entity operating a number of managed investment schemes, including previously managing the Courtenay House Capital Investment Fund. An ASIC investigation revealed that when establishing ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... proposed changes to Regulatory Guide 97 (RG97) aims to improve the transparency around how super funds and managed investment schemes reveal fees and costs to consumers. Included in the submission is what Industry Super Australia says is its key proposal ...