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Showing 391 - 400 of 437 results for "Managed investment scheme"

Investors better off without legacy

Three months after the government issued a consultation paper outlining ways to rationalise more than 6,000 legacy investment products, industry body Investment and Financial Services Association has submitted its own list of recommendations. Back in ...

ASIC calls for comment on MIS liquidity

HAMISH MADDEN  |  WEDNESDAY, 4 JUL 2007
The Australian Securities and Investments Commission (ASIC) has issued a consultation paper proposing revised guidelines for managed investment schemes (MIS) and the liquidity responsibilities of managers. The paper addresses MIS manager responsibilities ...

ASIC acts to shut down scheme owing nearly $8m

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against a managed investment scheme which owes investors roughly $7.87 million. ASIC has taken action in the Adelaide Supreme Court to have a managed investment scheme ...

Going nuts over macadamias

It might sound nutty to some investors but one company is offering a managed investment scheme (MIS) that hopes to crack into the global demand for macadamias. Also known as the Queensland nut or 'kindal kindal' in aboriginal, macadamia is the only ...

...while Dutton says Labor is missing the MIS point

ALEX DUNNIN  |  THURSDAY, 1 MAR 2007
Labor seems unable to make up its mind as to whether it supports the Australian Tax Office's agribusiness managed investment schemes (AMIS) ruling or whether it doesn't, said Assistant Treasurer Peter Dutton. In clear signs the election build-up is ...

Fight the ATO not Govt on MIS tax ruling: Costello

NICK OLIVER  |  WEDNESDAY, 14 FEB 2007
... made by the ATO and not the government. "There is a view in the Tax Office that if you put money into a managed investment scheme it is a capital investment," he told ABC Radio. "Just like if you bought a share, it wouldn't give you a tax deduction for ...

Agribusiness cops a caning from ATO

HAMISH MADDEN  |  THURSDAY, 8 FEB 2007
Non-forestry agribusiness managed investment schemes (MIS) are set to have their taxation position drastically altered after Assistant Treasurer Peter Dutton yesterday announced the Australian Taxation Office was preparing a new Draft Ruling on the ...

End for scheme scamming Greek community

HAMISH MADDEN  |  FRIDAY, 2 FEB 2007
An unregistered managed investment scheme has been ordered into liquidation and its directors banned from carrying on a similar business after they raised over $2.5 million from investors, predominantly from Melbourne's Greek community. The Supreme ...

Tassie investment schemes wound up

HAMISH MADDEN  |  FRIDAY, 20 OCT 2006
The Australian Securities and Investments Commission (ASIC) has succeeded in its bid to have two Tasmanian unregistered managed funds wound up. ASIC obtained orders in the Tasmanian District Registry of the Federal Court of Australia to wind up the ...

AFM gets expanded AFSL

ALEX DUNNIN  |  TUESDAY, 12 SEP 2006
Distribution, sales, marketing and compliance adviser Australian Funds Marketing (AFM) has been granted an expanded Australian Financial Services License to operate registered managed investment schemes. "This makes AFM a one-stop shop for responsible ...