Articles tagged with 'managed-investment-schemes'

Managed investment scheme disclosure changes

15 March 2010 | Following the Government's prescription for better managed investment schemes disclosure, Brendan Ivers explains how these changes have affected the industry.


Bendigo and Adelaide Bank lifts profit amid Great Southern fallout

15 February 2010 | Bendigo and Adelaide Bank has announced a 23.2 per cent lift in profit at the same time as confirming it has initiated court action over Great Southern arrears.


Bill to protect investors and simplify tax laws

11 February 2010 | A new tax Bill will protect investors and simplify tax laws, according to Assistant Federal Treasurer Senator Nick Sherry.


IMF granted MIS licence

9 February 2010 | Litigation funding group IMF has been granted a licence by ASIC that will enable it to fund class actions and multiparty group actions throughout Australia.


IMF to pursue class actions, forced to wait on Great Southern

5 February 2010 | Litigation funding group IMF Australia has been successful in receiving an exemption from ASIC from having to register several class actions as MISs, but group actions including Great Southern were declined exemption, according to IMF.


PIS parent's $21 million loss

3 February 2010 | The group's latest financial results reveal the extent to which the company suffered during the financial crisis.


Agribusiness MIS out of favour

14 January 2010 | Agribusiness investment managers, such as Select Harvests - the company now managing the Timbercorp almond orchards - are turning away from managed investment schemes as a source of funding.


Alternative investments: Revisiting alternatives after the Storm

14 December 2009 | Dominic McCormick looks at alternatives to mainstream investments and the role they can play in a diverse portfolio.


ASIC grants class action relief

5 November 2009 | ASIC has granted transitional relief that will allow class action against groups including Great Southern to continue without disruption until at least the middle of next year.


Litigation funders seek MIS exemption

2 November 2009 | Litigation funders may rethink their class action opportunities against fund managers if they are required to register multi-party action as managed investment schemes.


Responsible entities: Protecting investors' rights essential

2 November 2009 | As corporate and scheme failures continue to emerge as a result of the financial crisis, the merits of engaging an independent responsible entity are being revisited, so as to avoid both actual and perceived conflicts. Vicki Allen discusses


Money Management 4minutes

27 October 2009 | Stay in touch with the issues affecting your industry with Money Management's video news burst. 7 days of news in under 4 minutes. Proudly sponsored by Securitor.


MIS investors' tax concerns relieved

22 October 2009 | The Government has announced it will amend tax law in investors' favour, removing any fear that tax deductions for investments in Timbercorp and Great Southern forestry schemes would be clawed back.


Ray of light for Great Southern investors

19 October 2009 | Investors who swapped their woodlot interests for shares in Great Southern as part of Project Transform may now be able to take part in group action against the agribusiness manager.


Time running out for Great Southern schemes

23 September 2009 | The hunt is on for a buyer as time runs out for investors in Great Southern's managed investment schemes.


Investor sentiment index reveals 'cautious optimism'

9 September 2009 | Australian investor sentiment has risen from minus 22.3 points to positive 5.0 points on the IFSA/CoreData Investor Sentiment Index since the beginning of the 2009 calendar year.


Warning on removal of MIS tax break

9 September 2009 | Australian Agribusiness Group warns that removal of the upfront tax break on non-timber managed investment schemes will impact regional Australian jobs.


Ban all forestry MIS's, says Nationals

9 September 2009 | National Party rejects all agricultural MIS's as unfair to legitimate primary producers.


Examining the DNA of managed investment schemes

8 September 2009 | The nature of managed investment schemes has come under close scrutiny in the recent Environinvest case, writes James Lonie.


Vic adviser takes five-year ban over false loan docs

12 August 2009 | The regulator has cracked down on a Mount Waverly adviser found to have falsely witnessed loan documents for agribusiness investments.


Financial services reforms should not apply to insurance industry: NIBA

12 August 2009 | Regulatory changes to overcome deficiencies in managed investments would be inappropriate for insurance brokers.


ATO turns focus to MIS tax deductions

6 August 2009 | Will be paying close attention to claims relating to managed investment schemes and other retail products over coming year.


Agribusiness MIS support plummets

20 July 2009 | New research has revealed the degree to which investors have fled agribusiness MIS schemes in the wake of the Timbercorp and Great Southern collapses.


ASIC confirms magnitude of MIS complaints

15 July 2009 | The Australian Securities and Investments Commission has confirmed it received hundreds of complaints relating to Great Southern and Timbercorp last year, as well as more than 100 relating to other MIS agribusiness schemes over the previous three years.


FEA points finger elsewhere on ASIC probe

6 July 2009 | Managed investment scheme specialist FEA has asserted that it is not the subject of an ASIC investigation and that the regulator is probing an external AFSL holder.


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