NEWS

ASIC Finalises Cost Recovery Framework

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Following the proposals paper Proposed industry funding model for the Australian Securities and Investment Commission in November 2016 and legislation passing on 15 June 2017, ASIC have today finalised their cost recovery framework releasing Report 535 ASIC cost recovery arrangements: 2017 -18 which provides the methodology for how industry levies will be calculated. The first…

Complying Investment Framework – Further Changes are Coming

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The Department of Immigration and Border Protection (DIBP) is undertaking another review of the complying investment framework that was introduced in July 2015 that applies to Significant Investor Visa (SIV) and Premium Investor Visa (PIV) applicants. Austrade are responsible for the policy settings of the SIV and PIV complying investment framework and they have stated…

Latest ASIC reviews of funds management and custody

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Recently ASIC has released its findings in relation to its surveillance of: Responsible Entities operating registered managed investment schemes; and Custodians. ASIC’s findings in respect of its review of Responsible Entities (“REs”) are contained in REPORT 528: Responsible entities’ compliance with obligations: Findings from 2016 proactive surveillance program. ASIC’s findings in respect of its review…

Significant Investor Visa Chinese In Australia Seminar

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The Hon Alex Hawke, Assistant Minister for Immigration and Border Protection, announced at the Significant Investor Visa Chinese In Australia Seminar held in Sydney today that a review of the program would be undertaken shortly. Feedback would be sort from industry participants to determine what changes might assist the program. Participants at the seminar raised…

RG 259 Released

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The release of Regulatory Guide 259: Risk management systems of responsible entities (RG 259) follows ASIC’s consultation with industry in July 2016 through Consultation Paper 263[1] building on the March 2013 Consultation Paper 204[2]. On 27 March 2017 ASIC released RG 259 which provides guidance for responsible entities (REs) on how to comply with their…

Australian Taxation Office Shines Spotlight on Stapled Structures

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The Australian Taxation Office (ATO) has released Taxpayer Alert TA 2017/1 which highlights the ATO’s concerns with certain stapled structures.  The targeted structures typically involves a trust and a company (that may or may not have been stapled together for legal purposes) that operate in such a way that the trust (which holds the asset, e.g. land, equipment, intellectual property)…

RG97 and Class Order 14/252 Update

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ASIC has announced a delay to the requirement for responsible entities to comply with the new fee and cost disclosure rules applying to PDSs under RG97 and Class Order 14/252. Previously, all PDSs on issue from 1 February 2017 were required to comply with these new rules. This has now been extended to 30 September…

22nd Annual Property Funds Industry Forum

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One Investment Group is proud to have sponsored the 22nd Annual Property Funds Industry Forum held on the Sunshine Coast from 16th to 18th of October 2016. The theme of the forum was “A marketplace where entropy reigns supreme”. With 100 delegates representing in excess of 50 organistations, the forum was filled with informative sessions…

PFA Advisor Directory Event Melbourne July 2016

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Justin Epstein was recently asked by the Property Funds Association to provide a presentation to fledgling property fund managers or companies thinking of entering the property funds management space in Melbourne. Hosted by HLB Mann Judd, the seminar had 5 presenters and ran for two hours. A copy of Justin’s slides can be accessed here….

One Investment Group’s strategic partnership with Yorkway Partners

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We are pleased to announce that Yorkway Partners has acquired a 25% interest in One Investment Group. This partnership aligns One Investment Group with a credible and experienced organisation that will provide ongoing capital as we corporatise and grow our core businesses through organic growth and strategic deals.  As part of the transaction Paul Batchelor,…