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Showing 1571 - 1580 of 3210 results for "Scheme"

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... ASIC commenced legal proceedings to protect the interests of 125 people who invested $22 million in a managed investment scheme operating without a licence. The regulator is seeking to wind up VKK Investments Unit Trust, a land banking scheme which owns ...

New super product for investment savvy

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2017
... representing the best option for savvy investors. "On the one hand, it's a global stand-out in terms of a successful national scheme ensuring everyone puts some of their income towards a comfortable retirement. On the other, many Australians are not ...

Aurora pushes for Hastings takeover

ALEX BURKE  |  MONDAY, 17 JUL 2017
... acts as the responsible entity for both AIB and HHY, said this would provide investors with a larger managed investment scheme, which would "enhance the ability to grow the returns of the portfolio on a measured and sustainable basis." "Additionally ...

Advice licensees hit with $1500 levy

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
... total value of assets as at 30 June in registered schemes, excluding assets that are an interest in another registered scheme operated by the responsible entity. Further details will be provided in a Cost Recovery Implementation Statement later this ...

Sydney RE to pay for false ads

JAMIE WILLIAMSON  |  MONDAY, 17 JUL 2017
The Federal Court of Australia penalised a Sydney-based managed investment services boutique for falsely claiming that its projects were approved by ASIC. Huntley Management operates as a responsible entity and custodian for registered schemes and as ...

Police charge man with super fraud

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2017
A Sydney man allegedly involved in a $1.8 million fraudulent superannuation scheme will face court today. NSW police charged the 47-year-old man with 20 counts of deception and dishonestly taking financial advantage; seven counts of using false documents ...

Second private equity firm bids $2.2bn

ALEX BURKE  |  WEDNESDAY, 12 JUL 2017
... substantially similar to the bid KKR made in June. KKR's terms were that no dividends will be paid before implementation of the scheme, options or performance rights would be acquired or cancelled, net debt would not rise above $1.1 billion, that Vocus ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
Custodians and responsible entities of managed investment schemes with asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part ...

Actor linked to Malaysian pension fund scandal

ALEX BURKE  |  MONDAY, 19 JUN 2017
... explained: "The associates of these corrupt 1MDB officials are alleged to have used some of the illicit proceeds of their fraud scheme to fund the production of The Wolf of Wall Street, a movie about a corrupt stockbroker who tried to hide his own illicit ...

Queensland DB super liabilities tipped to fall 18pct

ALEX DUNNIN  |  THURSDAY, 15 JUN 2017
... superannuation liability is expected to fall $7 billion over the next five years, and this is despite the state's defined benefit scheme surplus being partially repatriated. The figures were published in the Queensland Government budget papers, released ...