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Showing 1 - 10 of 37 results for "Timbercorp"

Rating the rating houses: How much do advisers rely on fund research?

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... only need to go back 10 years when you had many companies that were highly rated by research houses collapse such as Timbercorp, Westpoint, Basis Capital and Trio Capital," he said. FASEA Standard 5 and Standard 6 are front of mind when advisers make ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... protected, noting that the framework hasn't been changed in over two decades, despite failures like Trip Capital and Timbercorp. The review will consider whether the framework is fit-for-purpose, specifically looking at whether the thresholds that ...

Trustee Partners names Australian GM

ALEX BURKE  |  THURSDAY, 24 AUG 2017
... Financial Services. Prior to that, he was head of retail sales at Antares Asset Management, general manager distribution at Timbercorp and national alliance manager at IOOF. As above, his appointment follows an executive search that commenced around ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... investment scheme crisis in 2009 considers the multiple "culprits" in the losses incurred following the collapse of Timbercorp, Great Southern, Willmott Forests, Gunns Plantation and others, and has made multiple recommendations as to how to prevent ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
... "catastrophic effect" across the country and continue five years of uncertainty. But Naomi Halpern, a victim of the Timbercorp collapse, said her experience and those caught up in similar failed investment schemes showed Australians really needed protection ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

Timbercorp trio face the music

ALISON BEVEGE  |  MONDAY, 23 MAY 2011
Failed agribusiness Timbercorp's former directors must today face a class-action suit filed against them in 2009 by more than 2000 investors in the Supreme Court. The investors have made allegations of conflicts of interest, breaches of directors' duties ...

Bank claims Great Southern action stumped

MEDIA RELEASE  |  MONDAY, 25 OCT 2010
... quickly with the company recording under $700 million debt shortly thereafter. Further adding pressure are industry rival Timbercorp previous collapse along with Forest Enterprises Australia and Rewards Projects Ltd, where a similar situation with investors ...

ASIC tightens noose on managed inv schemes

JOHN MCDULING  |  FRIDAY, 8 OCT 2010
... protecting investors interests." In the past 12 months the failure of a number of agribusiness investment schemes including Timbercorp, Great Southern and Wilmott Forests hurt thousands of investors, while almost $120 million of investor money was lost ...

Receivers appointed to Willmott Forests

RUTH LIEW  |  TUESDAY, 7 SEP 2010
... year before we see a position," he said. Willmott is the latest firm to hit crisis point following the collapses of Timbercorp, Environinvest and Great Southern, among others.
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