NEWS

Taxation of Private Equity

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1 December 2010 – The Australian Tax Office has confirmed its position that the Private Equity investments in particular gains on sale of shares in Australian companies should be taxed on revenue account as opposed to capital for tax purposes, thereby preventing Private Equity firms from distributing their gains and losses to investors subject to…

Everest Financial Group Update

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13 July 2010 – The Board of Everest Financial Group released an ASX announcement advising that they had entered into a binding Implementation Deed with One Investment Group. Entities within One Investment Group expect to assume the Responsible Entity/Trustee and management functions for the majority of Everest Financial Group’s funds within several weeks. One Investment…

Everest Financial Group

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02 July 2010 – The Board of Everest Financial Group released an announcement advising that its subsidiary, Everest Capital Limited, has accepted One Investment Group’s unconditional offer to assume the fund management responsibilities currently undertaken by Everest Capital Limited and related entities for a majority of the Everest Financial Group’s Funds under management.

Board of Taxation to Review Australian Tax Treatment of Collective Investment Vehicles

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12 May 2010 – As part of the Government’s commitment to positioning Australia as a leading financial services centre, the Government has announced the appointment of the Board of Taxation to undertake a comprehensive review of the taxation of collective investment vehicles (CIV). The details of the review were announced by the Government on 12…