NEWS

ASIC has released new guidance for issuers of disclosure documents, to assist them in producing documents which are “clear, concise and effective”.  The guidance is contained in Regulatory Guide 228 Prospectuses: Effective disclosure for retail investors. As a regular issuer of offer documents, One Investment Group welcomes the release of RG228 and the guidance and…

On 7 November 2011, ASIC released details of new financial requirements for responsible entities of registered managed investment schemes. Whilst the changes introduce more onerous financial requirements than the current requirements, One Investment Group welcomes the changes as we believe they provide greater investor confidence and improve the integrity of the registered managed investment scheme…

5 September 2011 – On 30 August 2011, ASIC issued a consultation paper seeking feedback on proposals to tighten the rules governing the advertising of financial products. The proposals provide product issuers with more specific guidance as to the content and form of advertisements and are likely to have a material impact on the way…

1 September 2011 – One Investment Group is pleased to announce that it has been engaged to act as Collection Agent.

16 August 2011 – On 16 August 2011, the Government released exposure draft legislation seeking to address two key measures relevant to foreign funds and their Australian based intermediaries. The first measure relates to the application of US accounting standard ‘FIN 48’ and US-based fund managers investing in Australia.  Under recent changes to FIN 48,…

07 June 2011 – On 2 June 2011 the Government released draft legislation aimed at reforming the taxation of trusts in Australia and simplifying the proposed new streaming provisions. The draft legislation amends the Government’s previous releases and draft legislation aimed at limiting the ability of Trusts to stream capital gains and franking credits. The…

20 April 2011 – In April 2011, the Treasury released draft legislation directed at reforming the taxation of Trusts in Australia. The draft legislation, which has been described as interim, is intended to increase certainty for trustees, fund managers, investors and beneficiaries in relation to streaming capital gains and franked distributions through trust structures. One…

24 February 2011 – ASIC has released a consultation paper that outlines proposals to improve disclosure requirements for retail investors who invest in hedge funds. Consultation Paper 147 Hedge funds: Improving Disclosure for retail investors seeks feedback on enhancements aimed at ensuring retail investors and their advisers have the information they need to make an…

18 February 2011 – The Assistant Treasurer has recently released Exposure Draft legislation for the proposed Foreign Accumulation Fund (“FAF”) rules – intended to replace the repealed Foreign Investment Fund (“FIF”) rules as well as the proposed rewrite of the Controlled Foreign Company (“CFC”) rules. The release of the Exposure Drafts is welcoming news to…

7 February 2011 – The Australian Federal Government has released a consultation paper on the distinction between retail and wholesale clients in the Corporations Act 2001. This is timely and long overdue, given the increase in Financial Service providers looking to offer financial products aimed at high net worth or “sophisticated investors”. Whilst the protection…