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Showing 291 - 300 of 471 results for "Managed investment scheme"

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... Rename 'general advice' and require advisers and mortgage brokers to disclose ownership structures. Managed investment scheme regulation: Support Government's review of the Corporations and Markets Advisory Committee's recommendations on managed investment ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
... responsible entity for seven registered managed investment schemes and the trustee for MPF, an unregistered managed investment scheme with about 4,500 investors. More than $400 million was invested in MPF. In total, LMIM was responsible for managing ...

ASIC intervenes non-compliant Aurora listed funds

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
Aurora Funds Management has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after the regulator identified compliance failings in some of its listed investment schemes. ASIC is concerned ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

ASIC to crack down on big four, AMP and Macquarie

LAURA MILLAN  |  TUESDAY, 21 OCT 2014
Australia's six largest financial advice firms will be subject to surveillance from the Australian Securities and Investments Commission (ASIC) next year to make sure they comply with high-risk areas of the law. The initiative is part of the regulator's ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
The Australian Securities and Investments Commission (ASIC) has demanded the introduction of a last resort compensation scheme that would provide compensation to victims of failed investments and bad financial advice "where all the other options have ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
While Australia's financial services regulators are supportive of the government's plans to cut red tape, they have emphasised to Treasury the need for ongoing resources. The government released eight statements of expectations -addressed at each one ...

360 Capital launches AREIT fund

MARK SMITH  |  TUESDAY, 5 AUG 2014
... first product under its new property securities business. The 360 Capital AREIT Fund is an unlisted managed investment scheme available to both retail and institutional investors and will invest in a portfolio of ASX listed property and property related ...

Bendigo and Adelaide Bank reaches agreement in Great Southern case

ALICE URIBE  |  THURSDAY, 24 JUL 2014
An agreement has been reached in the legal battle between Bendigo and Adelaide Bank and lenders who invested in Great Southern, with the borrowers admitting that their loans are valid. Around 8200 investors borrowed more than $550 million from the bank ...

IFS caught investing in unregistered schemes

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... Investments Commission (ASIC) class order by incorrectly investing client funds into an unregistered managed investment scheme. IFS recently changed their investment options after a review of their industry fund portfolio service found they were in breach ...