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Showing 461 - 470 of 471 results for "Managed investment scheme"

ASIC releases report on interim approach to mutual risk products regulation

... Corporations Act because they represent both facilities for managing financial risk and interests in a managed investment scheme," said Ian Johnston, executive director of financial services regulation at ASIC. "As such, ASIC generally expects MRP providers ...

Two directors charged for failed unregistered invesment scheme: ASIC

... James Allen Balacco of McDonald Park, South Australia were both charged with operating an unregistered managed investment scheme, required to be registered under the Corporations Act. Mr Loveday and Mr Balacco are directors of Jetsby Pty Ltd, the trustee ...

ASIC appoints liquidator to Queensland property company

... Foundation Developments and Kennedy in relation to an offer of securities in an allegedly unregistered managed investment scheme. ASIC alleges that First Foundation Developments raised approximately $2.2 million from members of the public in both Australia ...

Survey reveals mixed returns in agribusiness investment schemes

Only eight out of 140 released and current projects in the Agribusiness Managed Investment Scheme (MIS) sector has paid returns to their investors, the first-ever survey of paid returns has revealed. The Australian Agribusiness Group (AAG) survey was ...

Tasmanian doctor to face 35 securities charges

... contravention of the Corporations Law, and a further two counts, one relating to the operation of a managed investment scheme that is not registered and the other relating to the carrying on of a securities business without holding a dealers licence ...

FEA scraps ongoing fees from new woodlot project

... Enterprises Australia (FEA) has announced the release of its new woodlot project for 2003, its eleventh managed investment scheme. "The project that we are announcing today differs significantly fro our offering of last year with no ongoing fees and ...

Court freezes assets of Queensland property group

... follows an ASIC investigation into a securities offer by First Foundation in an allegedly unregistered managed investment scheme. ASIC alleges that First Foundation Developments raised approximately $2.2 million from public investors during the period ...

ASIC appoints McLaughlins to manage $37 million property schemes

John Fernando McLaughlins Financial Services (McLaughlins) has been appointed by the Federal Court in Melbourne as the temporary responsible entity for 15 managed investment schemes worth approximately $37 million, following an application by the Australian ...

ASIC obtains permanent orders against investment directors

... namely, a public company that holds an Australian Financial Services Licence, and must comply with the Managed Investment Scheme provisions of the Act. The rights of investors are only fully protected when a scheme fully complies with the law."

ASIC extends transitional relief period for closed funds to 2010

John Fernando The Australian Securities and Investments Commission (ASIC) today announced that it would extend the period of transitional relief, which would negate costs, burdens and investor protections related to transitional and registration requirements ...