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Showing 371 - 380 of 472 results for "Managed investment scheme"

ASIC silent on possible research probe

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
ASIC has refused to confirm or deny whether research houses who gave five-star ratings or positive reports on fraud funds Trio Capital and Astarra are being investigated. But industry insiders say the corporate watchdog is conducting a high-level investigation ...

ASIC new guidance for AFSL

ELISE BURGESS  |  MONDAY, 4 APR 2011
Holders of an Australian Financial Services Licence (AFSL) now face updated guidance including guides on margin lending facilities, simple managed investment schemes and certain superannuation products. Australian Securities and Investments Commission ...

Fundies face tough ASIC scrutiny

RUTH LIEW  |  FRIDAY, 5 NOV 2010
ASIC released a new consultation paper yesterday seeking industry feedback on whether fund managers should be subject to the same rules that regulate stockbrokers when trading in share markets. This could see fund managers face tougher penalties if ...

APRA puts spotlight on super

JOHN MCDULING  |  THURSDAY, 4 NOV 2010
APRA's latest annual report sheds light on some of the challenges facing the superannuation industry, including liquidity management and the valuation of unlisted assets. The regulator said liquidity management remains a lingering problem for many super ...

ASIC strikes back in Opus dispute

JOHN MCDULING  |  FRIDAY, 22 OCT 2010
Legal wrangling over the future of a Brisbane-based property fund manager is continuing with ASIC filing an appeal against a Federal Court decision that looked to have provided the besieged property fund manager with a lifeline. ASIC cancelled Opus ...

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 ...