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Showing 191 - 200 of 470 results for "Managed investment scheme"

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... a fresh class action against Bendigo and Adelaide Bank on behalf of investors in the Great Southern managed investment scheme are being finalised this week. EQ Legal director Sasha Ivantsoff told Financial Standard that 850 entities including self-managed ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 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 ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
Class Actions Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the ...

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 ...