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Search ResultsShowing 1 - 10 of 14 results for "Unregistered managed investment schemes"
Exemptions to AFSLs explained by ASIC
ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee which ...
ASIC outlines industry funding costs
ALEX BURKE  |  MONDAY, 9 OCT 2017
... levy will apply from the 2019 financial year onwards based on the value of assets in all unregistered managed investment schemes issued by the trustee. Operators of investor directed portfolio services will pay a minimum levy of $10,000 which will be ...
Fed Court winds up unregistered investment scheme
KERRIE SYDEE  |  FRIDAY, 21 OCT 2016
... apposed the banning orders made against them. The court also made orders to wind up the unregistered managed investment schemes, which had been promoted by the 21st Century land banking companies. The unregistered managed investment schemes are known ...
New trustee launches managed investment schemes
DARREN SNYDER  |  THURSDAY, 1 SEP 2016
... receiving an Australian financial services licence, authorising it to operate registered and unregistered managed investment schemes, to act as a Managed Investment Trust (MIT) trustee and provide custodial services. Evolution Trustees' chief executive ...
IFS caught investing in unregistered schemes
LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... Responsible entities operating under this class order are generally restricted from investing in unregistered managed investment schemes on behalf of members. "IFS acted promptly and in a way that protected members' interests throughout the process ...
Accountant guilty of operating 21 unregistered schemes
LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... accountant has pleaded guilty to 27 criminal charges including charges of operating 21 unregistered managed investment schemes. Accountant Mark Ronald Letten pleaded guilty following an investigation by the Australian Securities and Investments Commission ...
Accountant charged with 37 offences
ELISE BURGESS  |  THURSDAY, 15 DEC 2011
... Holdings director, Mark Ronald Letten, is facing 37 charges including 21 counts of operating unregistered managed investment schemes and deception charges involving $1.4 million. Appearing before the Melbourne Magistrates' Court following an Australian ...
ASIC cancels two financial services licences
CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
... steps to ensure Fuoco, in the context of providing advice regarding investments in two unregistered managed investment schemes, had a reasonable basis for the advice given to his clients, and whether statements of additional advice provided by him contained ...
ASIC bans authorised representative of Romad Financial Services
CLAIRE MCGREAL  |  TUESDAY, 8 NOV 2011
... ASIC found Deutsch carried on a financial services business by issuing interests in two unregistered managed investment schemes without holding an AFS licence or being authorised under RFS's AFS licence or any other AFS licensee, to issue interests in ...
ASIC targets five unregistered property ventures
ASIC RELEASE  |  FRIDAY, 6 AUG 2010
... While the court did not make a declaration as to whether the other two schemes constituted unregistered managed investment schemes, KPMG were also appointed as receiver and manager of two other related entities, including the Tomasetti House Joint Venture ...
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