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Showing 341 - 350 of 437 results for "Managed investment scheme"

Great Southern investors target BABL

MEDIA RELEASE  |  MONDAY, 11 OCT 2010
Around 2,000 Great Southern investors launched a class action in the Federal Court to recover losses from bankers, including Bendigo and Adelaide Bank Limited (BABL), which lent them money to invest in the schemes. Investors have asked the Federal Court ...

ASIC tightens noose on managed inv schemes

JOHN MCDULING  |  FRIDAY, 8 OCT 2010
Australia's top financial watchdog has called for strict new requirements to protect investors in managed investment schemes, but the rules could end up hurting the very same people they aim to protect. In a recently released discussion paper, ASIC ...

ASIC targets MIS operators

ASIC RELEASE  |  THURSDAY, 16 SEP 2010
... Hansen and William John Meywes from Global Rule have come under ASIC fire for managing an unregistered managed investment scheme. ASIC has obtained interim orders in the Supreme Court of Queensland in relation to Global Rule (Global Rule) and its directors ...

Receivers appointed to Willmott Forests

RUTH LIEW  |  TUESDAY, 7 SEP 2010
The fate of around 8,000 investors' $400 million investments in MIS scheme provider Willmott Forests remains up in the air, as the firm's financiers - CBA and St.George - yesterday appointed receivers to the company. Bryan Webster, Mark Korda and Mark ...

ASIC targets five unregistered property ventures

ASIC RELEASE  |  FRIDAY, 6 AUG 2010
Melbourne company director Mark Ronald Letten has come under further ASIC scrutiny after the regulator moved to appoint receivers to an additional five unregistered property ventures associated with Letten. On Friday, 30 July, ASIC obtained orders relating ...

Finsia launches fin services credential

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
Finsia has developed the Financial Services Professional (FSP) credential to improve conduct in the industry and enhance the calibre of the financial services workforce. It's an apprenticeship style credential where employees starting their career are ...

Short form PDS gets green light

RUTH LIEW  |  FRIDAY, 25 JUN 2010
Super fund members can look forward to an eight-page product disclosure statement (PDS) rather than 80, as new laws announced this week kick in. The new regulations are an important step forward to a new era in disclosure for fund members, said super ...

Great Southern investors fight back

COMPANY RELEASE  |  FRIDAY, 28 MAY 2010
Macpherson + Kelley Lawyers has filed a lawsuit for Great Southern investors seeking the court to void loans given to invest into failed agribusiness investment schemes, including loans provided by Adelaide Bank. The class action covers 1,700 investors ...

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
Gunns Limited, which owns the Responsible Entity of several Great Southern schemes, flagged it will not be making any MIS offers this financial year. Gunns Limited owns Gunns Plantations - the responsible entity for the 1998 - 2006 Great Southern pulpwood ...

Industry prepares for new advice era

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 27 APR 2010
The government's proposed reforms to change the way planners charge for advice will spur the industry's long-term growth, but at the cost of serious headaches and profits during the adjustment period. The minister for financial services, superannuation ...