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Showing 321 - 330 of 471 results for "Managed investment scheme"

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 ...

ASIC releases more detail on limited AFS licence

LAURA MILLAN  |  MONDAY, 17 JUN 2013
The Australian Securities and Investments Commission (ASIC) has released guidance on applying for a limited Australian financial services (AFS) licence. The guide establishes the exact definition of a limited AFS licence and it gives more details on ...

ASIC updates MIS guidance

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
The Australian Securities and Investments Commission (ASIC) has revised its guidance for operators of registered managed investment schemes (MIS). MIS industry has until October 1, 2013 to comply with the new requirements. The updated policy guidance ...

Wellington Capital to take PIF case to High Court

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
... unlisted company and shares in a company are an entirely different species of property from units in a managed investment scheme," the court said. At the same time, the PIF Action Group, which represents the disgruntled members of the fund, welcomed ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
... the action. The Federal Court is yet to set a date for delivery of its judgment in ASIC's unregistered managed investment scheme action against Storm, BoQ and Macquarie.

Preamium SMA deemed suitable for SIV investors

MARK SMITH  |  FRIDAY, 24 MAY 2013
... Andrew Varlamos said the SMA platform was a good structure for the SIV Scheme as it is regulated as a managed investment scheme, adding that Praemium is working with a number of partners who are helping their clients, mostly from Asia, to apply under ...

ASIC to accept submissions for 'hedge fund' definition

LAURA MILLAN  |  THURSDAY, 23 MAY 2013
... allow time for submissions. The currently regulatory guide on hedge funds defines them as a registered managed investment scheme that is promoted as so. The document also states that the main characteristics of hedge funds are the complexity of the investment ...