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Showing 161 - 170 of 437 results for "Managed investment scheme"

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
NULIS said it intends to explore opportunities to enhance its intra-fund advice offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics ...

New fund launches on ASX

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
A newly established managed investment scheme has launched on the Australian Securities Exchange, aiming to achieve long-term capital growth. The Montaka Global Extension Fund (Quoted Managed Hedge Fund) has been launched to help investors gain access ...

Global manager rolls out local access to alternatives fund

HARRISON WORLEY  |  WEDNESDAY, 3 JUN 2020
... diversified alternatives. Janus Henderson is rolling out its Global Multi-Strategy Fund in an Australian managed investment scheme structure today, in a move designed to help local wholesale retail and institutional investors increase their access to ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
ASIC has cancelled the Australian financial services licenses of Western Australia-based, Personal Risk Management and Melbourne-based Australian Golden Securities ASIC said Personal Risk's cancellation took effect on 21 May 2020, after the company ...

ASIC bans Linchpin directors

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
ASIC first banned the three from providing any financial services for a period of five years in November 2019 but they appealed the decision. They applied for a stay of the decision and a confidentiality order preventing ASIC from publishing information ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... oversight. "Litigation funders are currently exempt from holding an AFSL and being categorised as a managed investment scheme," Frydenberg said. "As a result, litigation funders do not face the same regulatory scrutiny and accountability as other financial ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... services in the year, and its key person was a solicitor, who could not have promoted or operated a managed investment scheme by law. It also said it would have to raise or borrow money to pay the levy. It argued against the custody fee component on ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... "Stormified" clients were encouraged to continue investing. It was deemed by ASIC to be an unlawful managed investment scheme with which Commonwealth Bank, Macquarie Bank and Bank of Queensland were involved. At the time of collapse, about 3000 of its ...

EQT bolsters board

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
Equity Trustees has appointed an award-winning women's advocate and current RBA director to its board. Carol Schwartz has joined EQT's board as a non-executive director. Schwartz is currently a non-executive director on the boards of the Reserve ...

Responsible entity declares insolvency

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... Trust. ASIC's action is completely removed from the Australian Corporate Bond Trust and XTBs or any other managed investment scheme associated with Theta. Theta remains the RE of the trust and is also a service provider to the business of XTBs on the ...