ADPIA shifts focus and name
The Australian Direct Property Investment Association (ADPIA) has shifted the focus of its members and their investors, and has announced it will soon be seeking member approval for a change of name.
The ADPIA executive has proposed the Association’s name be changed to the Property Funds Association of Australia – a proposal that will be voted on at the annual general meeting later this month.
President of ADPIA, Robert Olde, said that the investment property market has changed dramatically since the inception of the association and that the new name will more accurately represent ADPIA’s role of assisting members and investing and advising in the sector.
“The Association is focused on assisting its professional and advisory members in the unlisted property funds investment arena grow opportunities. As an Association we are spending considerable time and energy engaging with investor groups as both fund managers and investors realign their approach to all forms of property investment,” he said.
Olde also reinforced that the Association was committed to continue to work closely with the Australian Securities and Investments Commission (ASIC), Australian Prudential Regulatory Authority (APRA) and the Australian Taxation Office (ATO) on issues relevant to members and, importantly, investors.
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