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Showing 141 - 150 of 470 results for "Managed investment scheme"

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
The regulator issued a warning to investment product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers ...

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... Deloitte Financial Advisory. On April 24, ASIC announced that the Federal Court ordered Ascent and its managed investment scheme wound up on just and equitable grounds. "The Federal Court's reasons and certain orders are currently subject to a non-publication ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... Investport Income Opportunity Fund. Endeavour was a subsidiary of Linchpin. It was RE of a registered managed investment scheme called the Investport Income Opportunity Fund, while Linchpin operated an unregistered scheme of the same name. About $17 ...

ASIC consults on sunsetting class orders

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
ASIC is consulting on the potential remaking of class orders related to managed investment schemes and corporate directors of corporate collective investment vehicles. Class Order [CO 13/519] Changing the responsible entity ; and Class Order [CO 13/656] ...

E&P Investments hunts new RE

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
E&P Investments is seeking proposals for a responsible entity to replace itself as responsible entity for six of its managed investment schemes, including the US Masters Residential Property Fund. E&P Investments is currently responsible entity for ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
The Financial Planning Association of Australia (FPA) has voiced concerns over the proposed Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR) legislation. While acknowledging the positive impact of an effective CSLR ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Treasury is commencing its review of the regulatory framework underpinning managed investment schemes (MIS), targeted at identifying gaps and possible areas for improvement. The review was announced as part of the Albanese government's first federal ...

Bloom raises $500k in seed funding

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
... Corporation, while Cache Investment Management is the investment manager and administrator. It is set up as a managed investment scheme. The fund uses positive screens to invest in funds that are aligned to Project Drawdown, which identifies 80 climate ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... and other investment products, including interests in Firstmac High Livez (High Livez) a registered managed investment scheme. Under the DDO, ASIC said Firstmac is required to take reasonable steps to ensure that it distributes financial products consistent ...

Equity Trustees wins ClearLife mandate

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
Equity Trustees has been selected as the trustee for ClearLife Capital's new wholesale fund, the ClearLife Capital Opportunities fund. The ClearLife Opportunities fund invests primarily in a portfolio of securities listed on the Australian and New ...