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Showing 1 - 10 of 219 results for "Constitution"

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... trustee. ASIC alleges Equity Trustees did not obtain critical information before onboarding First Guardian such as its constitution, audited financial accounts or an audit of its compliance plan. Further, ASIC alleges that Equity Trustees allowed its ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... Previous reviews recommended several changes that include providing ASIC with limited powers to alter a scheme's constitution to ensure it complies with the law. However, in light of the Shield and First Guardian failures, whereby some 11,000 people ...

ASIC allows more forms to be lodged via email

STAFF WRITER  |  THURSDAY, 4 DEC 2025
... Certification of compliance with stamp duty law 208 Notification of details of shares issued other than for cash 218 Constitution of company - lodged as part of forms 201, 205, 206 210 Notification of statement of special rights carried by shares 211 ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... from time to time, check whether the responsible entity of a registered scheme is complying with the scheme's constitution and compliance plan and with this Act." To Walker, this should be ASIC's answer to any potential problem with a managed ...

Hostplus slams Lendlease over $2bn fund

ELIZA BAVIN  |  TUESDAY, 30 SEP 2025
... by default due to the two failed attempts to conduct a meeting. Hostplus has also called for changes to the fund's constitution to enable "timely engagement and a clear pathway for change when major investors have concerns". Hostplus also took the opportunity ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
FNZ employee shareholders have officially filed a lawsuit against FNZ, alleging the global technology firm and its board substantially diluted their ownership with several capital raises. FNZ B class shareholders filed the class action at the High Court ...

Atrium winds up global listed infrastructure fund

KARREN VERGARA  |  TUESDAY, 28 JAN 2025
... unitholders that the fund be terminated and wound-up in accordance with the relevant provisions of the fund's constitution," Atrium said. "As the trustee for the fund, we are committed to acting in the best interests of all unitholders and ensuring ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... harmed the company's ability to pay its creditors. The resolutions enabled two changes: they altered Dixon Advisory's constitution to explicitly allow its directors to act in the best interests of E&P Operations (EPO), a subsidiary of E&P Financial Group ...

Growthpoint sells down majority stake in six industrial assets

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... representing 37% of the directly held asset base at the time. Last month, Growthpoint acquired office building 2 Constitution Avenue, Canberra from ISPT for $90.1 million. Some 88% of the income comes from government tenants. It launched the Growthpoint ...

NGS Super names new chair

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
Following a revision of its constitution, NGS Super will welcome its first independent chair in 2025. The industry fund, which caters to education professionals, has revised its constitution to allow for the inclusion of independent directors on its ...
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