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Showing 421 - 430 of 471 results for "Managed investment scheme"

Super promoter faces trial

RUTH LIEW  |  TUESDAY, 19 FEB 2008
... superannuants. He was also committed on one count under the Corporations Act of operating an unregistered managed investment scheme. Formerly a director of Comcash Australasia Pty Ltd, Sharland was involved in the promotion of the early release of superannution ...

Fundies find a loophole in money laundering law

WWW.THESHEET.COM  |  WEDNESDAY, 12 DEC 2007
... there is a big loophole in the law. Austrac issued a statement yesterday, saying the issue of units in a managed investment scheme would not fall within the coverage of the AML/CTF Act. This is an embarrassing about turn for Austrac which had, until ...

Cairns planner jailed for fraud

CHRIS NICHOLLS  |  MONDAY, 5 NOV 2007
... orders in the Supreme Court of Queensland in Cairns to appoint an interim receiver to an unregistered, managed investment scheme, operating as Drury Management in Malanda, Queensland. ASIC obtained orders against the directors of Drury Management, Walters ...

Aurora to list buy-write income trust

CHRIS NICHOLLS  |  WEDNESDAY, 31 OCT 2007
... director at Aurora Funds Management, said, "We can potentially deliver a high yield through this listed managed investment scheme structure, which is very attractive to retail investors looking for these sorts of equity related income returns through ...

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 ...