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Regulatory

Perpetual repatriates UK pension benefits

NICK OLIVER  |  TUESDAY, 13 FEB 2007
The British pensions regulator, Her Majesty's Revenue and Customs, has awarded Perpetual Wealthfocus 'Qualifying Registered Overseas Pension Scheme' (QROPS) status as part of recent legislative changes.

Regulators discuss streamlining some supervision operations

ALEX DUNNIN  |  MONDAY, 12 FEB 2007
Ten years after the Wallis Financial System Inquiry and eight years after the creation of the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), the bodies are in discussions about how to ...

Adviser jailed for five and a half years

HAMISH MADDEN  |  FRIDAY, 9 FEB 2007
An unlicensed Queensland adviser has been jailed for five and a half years for fraud involving hundreds of thousands of dollars of client money.

Agribusiness cops a caning from ATO

HAMISH MADDEN  |  THURSDAY, 8 FEB 2007
Non-forestry agribusiness managed investment schemes (MIS) are set to have their taxation position drastically altered after Assistant Treasurer Peter Dutton yesterday announced the Australian Taxation Office was preparing a new Draft Ruling on the sector.

MFAA rules under fire

WWW.THESHEET.COM  |  THURSDAY, 8 FEB 2007
The peak body for mortgage and business finance brokers, the Mortgage and Finance Association of Australia (MFAA), may be forced to rewrite its membership rules if the competition watchdog upholds a complaint.

End for scheme scamming Greek community

HAMISH MADDEN  |  FRIDAY, 2 FEB 2007
An unregistered managed investment scheme has been ordered into liquidation and its directors banned from carrying on a similar business after they raised over $2.5 million from investors, predominantly from Melbourne's Greek community.

Perth adviser faces jail over $1.5m fraud

HAMISH MADDEN  |  THURSDAY, 18 JAN 2007
A Perth financial adviser has had 12 new charges added to the 33 charges he was already facing over a $1.5 million fraud.