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Showing 61 - 70 of 360 results for "Managed investment scheme"

ASIC takes property development group to court

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... superannuation funds and invest in property and developments set up by MKS Property, which is an unregistered managed investment scheme. Some $11.3 million was raised from the investors, some of which ASIC alleges was used for personal use by the defendants. ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... time. Anderson said: "If the litigation funding element of the ASIC funding levy was structured as a managed investment scheme, advisers would be caned for recommending this to their clients." "The AFA is calling on the government to remove the litigation ...

CSLR raises concern among advisers

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
The Association of Financial Advisers (AFA) has raised concerns about the cost of the government's proposed Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation. ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
ASIC is consulting on how exchange-traded products investing in cryptoassets can meet existing regulatory expectations, with the regulator particularly interested in identifying suitable cryptoassets for such products and ensuring good practice in terms ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...

Global Merces MD cops ASIC ban

KARREN VERGARA  |  MONDAY, 31 MAY 2021
The corporate regulator has banned Holly Grofski, the managing director of Global Merces Funds Management, from working in financial services for six months. ASIC's banning order is in addition to the criminal charges Grofski is facing, which alleges ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... commenced civil penalty proceedings against in the Federal Court of Western Australia. SIT is a registered managed investment scheme that invested in property targeting mums and dads. Between 20 May 2016 and 1 May 2018, Marie raised $16,710,669 from ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
ASIC has taken action to wind up PE Capital Funds Management and its managed investment schemes. The regulator is alleging that PE Capital operated unregistered managed investment schemes including the PE Capital Property Development Fund, PE Capital ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... charged with providing unlicensed financial advice on behalf of another person, operating an unregistered managed investment scheme, and making a false or misleading statement.