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Showing 341 - 350 of 471 results for "Managed investment scheme"

ASIC lines up Macquarie Private

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
... and Bank of Queensland for breaches including unconscionable conduct and operation of an unregistered managed investment scheme in relation to the 2008 collapse of Storm Financial. The regulator has been toughening its stance against wealth providers. ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... against the three banks for breaches including unconscionable conduct and operation of an unregistered managed investment scheme. The banks, which are also involved in an investor class action running alongside that of ASIC, deny the allegations. ASIC ...

Lion Adv cancelled/Hickie banned

LINDA HAUSKEN  |  FRIDAY, 17 AUG 2012
ASIC has revoked the AFS license of Lion Advantage and banned the financial service organisation's chief executive David Hickie for two years, following a surveillance of the business. During the surveillance period, the regulator found the business ...

Brierley bids for wound-down scheme

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
A corporate raider has made a bid for Adelaide Managed Funds Asset Banked Yield Trust, a managed investment scheme in wind-down mode. Mercantile Investments is offering 5.5 cents per share in the fund - for the 87% of units that it does not already ...

ACSA lends weight to ASIC tech focus

MELANIE TIMBRELL  |  THURSDAY, 2 AUG 2012
... custodian within the Product Disclosure Statements which are issued by superannuation fund trustees and managed investment scheme operators, to ensure consumers are more informed," the association said. The ASIC report predicts assets under custody will ...

Pengana AEq fund added to BT Wrap

LINDA HAUSKEN  |  THURSDAY, 26 JUL 2012
... Equities Fund has been added to the BT Wrap platform. The Pengana Australian Equities Fund is an unlisted managed investment scheme that provides investors with exposure to a portfolio of principally listed Australian companies. Pengana believes its ...

ASIC eyes off UL property

BEN COLLINS  |  WEDNESDAY, 18 JUL 2012
The Australian Securities & Investments Commission yesterday released the findings of a proactive review of responsible entities operating managed investment schemes in the unlisted property sector. As part of this review, the Australian Securities ...

New accountants' licence hailed as win for affordable advice

MELANIE TIMBRELL  |  MONDAY, 25 JUN 2012
The federal government's new conditional licensing regime for accountants has been applauded by professional bodies as a step to achieving broader access to financial advice. CPA Australia chief executive officer Alex Malley said the new rules are a ...

Foreign MIS tax legislation delayed

BEN COLLINS  |  THURSDAY, 21 JUN 2012
Federal government plans to raise the tax rate on managed investment schemes have been delayed after the proposal was pulled from a bill before parliament yesterday. The measure proposed to double the rate from 7.5% to 15%, forcing assistant treasurer ...

ASIC issues short PDS guidance

BEN COLLINS  |  TUESDAY, 19 JUN 2012
The Australian Securities & Investments Commission (ASIC) has issued guidance for issuers of superannuation products and simple managed investment schemes about how to comply with the shorter product disclosure statement regime. The shorter Products ...