The number of people eligible for the wholesale investor test has risen by more than 700 per cent since its introduction, and advisers need to ensure they are making thei...
The FAAA is concerned about consumers without the necessary knowledge to invest in managed investment schemes being classified as wholesale investors, as the number of pe...
As three directors face multiple criminal charges for their involvement in Sterling Income Trust, four years after it collapsed, Money Management reflects on Sterling’s t...
Three directors connected to the collapse of managed investment scheme Sterling Income Trust have been charged with multiple criminal charges, four years after its collap...
The appeals tribunal has granted a temporary stay order to a Queensland director who was banned by ASIC in March for failing to meet fit and proper person requirements. ...
Proposals to place US or UK-style restrictions on products in the Australian managed investment schemes would be “radical” when ASIC already has significant product inter...
Following its initial announcement in the October 2022‑23 Budget, the Government is now seeking feedback on the appropriateness of the existing regulatory settings for ma...
The regulatory watchdog has suspended the AFS licence of NWQ Capital Management, trustee of two unregistered managed investment schemes, until January 2024....
ASIC has taken civil action against a company director for alleged unlicensed conduct and operating numerous unregistered managed investment schemes. ...
An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up b...
ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the fin...
ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market...
The Court found the officers of Linchpin Capital Group and Endeavour Securities breached their duties in managing a $17 million managed investment scheme and did not act...
A financial services lawyer has raised questions about the managed investment scheme review focusing so heavily on the real estate asset class. ...
The Government has announced it will launch a consultation into the regulatory framework for managed investment schemes after several high-profile failures....
Meanwhile the government says it wants to lower the cost of advice. The governments regulator is ballooning how much t...
If an adult signs a form stipulating a payment to occur, that should be the end of the matter - no need for the governme...
Commissioner Hayne recommended Consent Forms to stop Bank Executives [not Advisers] illegally taking fees out of consume...