ASIC improves disclosure of unlisted property scheme risks

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ASIC has introduced a new disclosure principle and six new disclosure benchmarks for unlisted property schemes to improve investors’ awareness of the risks of investing in these products. Regulatory Guide 46 Unlisted property schemes: Improving disclosure for retail investors (RG 46) has been revised as ASIC was concerned there was insufficient consistency or comparability in the […]

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ASIC releases proposal to improve unlisted property scheme disclosure

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ASIC has released a consultation paper outlining proposals to improve disclosure for retail investors considering investing in unlisted property schemes. The proposals follow an ASIC review of disclosure documents issued by responsible entities in the $28 billion unlisted retail property sector. ASIC found a number of key disclosures were not adequately addressed, including: the risks associated […]

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