ASIC obtains orders to wind up York Capital Limited

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ASIC has obtained orders in the Federal Court of Australia to wind up York Capital Limited (York) following the company’s failure to lodge its financial reports and hold annual general... Read more continue reading

Trustees and advisers making a mountain out of a collectables molehill

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Specialist self-managed superannuation fund (SMSF) education and training provider, The SMSF Academy, says the industry is over-reacting to draft regulations being considered for collectable investments within SMSFs.   “Concerns have... Read more continue reading

ASIC imposes conditions on iPlan licence

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ASIC has imposed additional conditions on the Australian financial services (AFS) licence of Queensland-based, iPlan Financial Services Pty Ltd (iPlan), after a surveillance of its advice business. ASIC’s action follows... Read more continue reading

Regulators should not judge super funds on size alone, Russell warns

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Recommends trustees use comprehensive test to meet scale requirements Know your fund first – evaluate before reacting to scale concerns Russell Investments is calling on trustees and industry regulators to... Read more continue reading

ASIC consults on dispute resolution requirements for traditional trustee company

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ASIC has released a consultation paper seeking public comment on dispute resolution arrangements required of trustee companies providing traditional services, like preparing wills. click here to continue reading this PDF... Read more continue reading

Pre-open pricing on the ASX

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Managing an orderly market and ensuring that share prices are not able to be manipulated by participants seeking an unfair advantage over others are important functions of the Australian Securities... Read more continue reading

Sharia compliant finance

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Several actions by the Government recently have revealed an intention to facilitate the expansion of the opportunities for Islamic finance in Australia. On 15 January the Johnson Report (“Australia as... Read more continue reading

The New De Facto Property Laws

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On March 1 we passed the first anniversary of the new laws which affect the property rights of de facto couples when a break-up occurs, so it’s timely to present... Read more continue reading