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Showing 281 - 290 of 437 results for "Managed investment scheme"

Advisers to justify platform choice under best interest

LAURA MILLAN  |  FRIDAY, 6 SEP 2013
Financial planners will have to justify platform choice under the best interest duty provision within the Future of Financial Advice (FoFA) regulation. The Australian Securities and Investments Commission (ASIC) has raised the issue that platform operators ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
... ploughed approximately $25 million into the Brooklyn Park Organic Olive Groves Bonni-Foi project, a managed investment scheme (MIS) that collapsed when the responsible entity, Australian Green & Gold announced its intention to wind up the scheme in September ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
The Victims of Financial Fraud (VOFF) are pushing for another inquiry on the Trio Capital fraud after the Parliamentary Joint Committee (PJC) failed to address the victims' main issues of concern. VOFF spokesperson Paul Matters told Financial Standard ...

AQUA II exemptions unfairly favour ASX: FSC

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
The Financial Services Council (FSC) has said that the application form relief being proposed for the ASX Managed Fund Service (AMFS) should be extended to all registered Managed Investment Schemes (MIS). Under current proposals, the AMFS - popularly ...

US regulator lifts hedge fund advertising ban

MARK SMITH  |  FRIDAY, 12 JUL 2013
The US regulator has lifted a ban, allowing hedge funds to advertise to the general public for the first time in 80 years. The ban was intended to protect unsophisticated investors from high risk, illiquid investment pools. The Securities and Exchange ...

APRA accepts enforceable undertakings from five former Trio directors

ALICE URIBE  |  THURSDAY, 4 JUL 2013
The Australian Prudential Regulation Authority (APRA) has accepted enforceable undertakings from former Trio Capital Limited (Trio) directors Cameron Anderson, Michael Anderson, Terrence Hallinan, Lorenzo Macolino and John Harte. Trio was formerly the ...

Platforms to explain choice of investment products

LAURA MILLAN  |  MONDAY, 1 JUL 2013
The Australian Securities and Investments Committee (ASIC) has updated its platform guidance to require platform operators to explain how they choose the products on offer to investors. The new requirements follow the last review of the sector, which ...

Former Everest CEO banned from financial services

LAURA MILLAN  |  THURSDAY, 27 JUN 2013
Former chief executive of Everest Financial Group Jeremy Michael Reid has been banned from the financial services industry for two years. Reid has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Committee ...

Parliament passes TASA bill

LAURA MILLAN  |  THURSDAY, 20 JUN 2013
The Parliament has voted and passed the amendments to the tax agents under the Tax Agent Services Act (TASA) bill that will extend the exemption for financial planners to become registered tax agents. The current exemption will be extended to June 30 ...

Government agrees to 12-month TASA exemption

LAURA MILLAN  |  THURSDAY, 20 JUN 2013
The government has agreed to extend the exemption for financial planners to become registered tax agents under the Tax Agent Services Act (TASA) bill. The current exemption will be extended to June 30, 2014 and there will be a three year transition ...