ASIC updates disclosure guidance for shorter PDSs

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After full commencement of the shorter Product Disclosure Statement (PDS) regime in June 2012, ASIC has reviewed a sample of shorter PDSs for superannuation and simple managed investment schemes. Our

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ASIC warns real estate industry about recommending property investment through SMSFs

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ASIC has warned the real estate industry that agents recommending investors use a self-managed superannuation fund (SMSF) to invest in property must ensure they are appropriately licensed to provide the

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ASIC releases further guidance on hedge fund disclosure

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ASIC has today refined the definition of a hedge fund to ensure our disclosure requirements are appropriately targeted at those funds that pose more complex risks to investors. Following extensive

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Gatekeepers’ role vital to health of SMSF sector

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The SMSF Professionals’ Association of Australian (SPAA) yesterday welcomed ASIC’s acknowledgement of the importance of professional service providers to the SMSF industry. Jordan George, SPAA Senior Manager Technical and Policy,

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SPAA backs ASIC stance on gearing by SMSFs

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The SMSF Professionals’ Association of Australia (SPAA) fully supports the strong reservations expressed by the Australian Securities and Investments Commission (ASIC) about the aggressive marketing of geared property investment strategies to SMSFs. Jordan

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Smartphone app to allow trans-Tasman business searches on the go

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Australians and New Zealanders will be able to quickly and easily find details on almost five million registered organisations names using their smartphone with the release of the NZAUConnect app.

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ASIC to boost record-keeping obligations

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The move comes as the financial advice industry beds down the Future of Financial Advice (FOFA) and Stronger Super reforms, which will result in big changes for most Australian financial

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ASIC cancels licence of Australian Public Trustees Limited

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ASIC has cancelled the Australian financial services (AFS) licence of Australian Public Trustees Limited (APT) after it was found they had breached a number of the financial, reporting and other

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ASIC national online business names register – one year on

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The national business names register in Australia became a reality one year ago today. Eight separate state and territory business name registers have made way for a single online register

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Guide to investing in unlisted property schemes

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ASIC has released an updated investor guide to improve awareness of the risks associated when investing in unlisted property schemes. ‘Investing in unlisted property schemes’ is an update of ASIC’s previous

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