Insights

Changes to the FFSP regime

On 1 June 2018, ASIC released Consultation Paper 301 in connection with the Australian financial services (AFS) licensing exemptions applicable to foreign financial service providers (FFSP...

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Corporate Collective Investment Vehicles – initial consultations completed

The target is within sight for the draft Corporate Collective Investment Vehicle (CCIV) legislation to be finalised.

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AFS licensing exemption under the FFSP Class Orders - reporting and disclosure requirements

Foreign financial service providers (FFSPs), that provide financial services to wholesale clients in Australia relying on one of the FFSP Class Order exemptions from holding an Australian financial...

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Australia’s foreign investment laws: a guide for foreign investors and their counsel

When a transaction with a direct or indirect connection to Australia is proposed, foreign investors and their counsel should consider whether notification is required or advisable.

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Conflicted remuneration - new ASIC policy guidance

ASIC has released guidance on its approach to administering the conflicted remuneration provisions of Part 7.7A of the Corporations Act 2001 (Act): Regulatory Guide...

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Hedge fund disclosure requirements - RG 240

On 18 September 2012, the Australian Securities and Investments Commission released Regulatory Guide 240 "Hedge funds: Improving

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Turning income into capital or capital into income

Can a trustee treat receipts or outgoings as being on capital or income account irrespective of the nature of the receipt or outgoing? Legal and tax advisers have expressed various views on the...

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Proposed APRA prudential standards

The Australian Prudential Regulation Authority (APRA), the prudential regulator of superannuation funds, insurance bodies and banks, is proposing to release new prudential standards for trustees of...

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ASIC updates disclosure requirements for unlisted property funds

In March of this year, ASIC released an updated version of "Regulatory Guide 46 Unlisted property schemes: Improving disclosure for retail investors", including updates to the eight disclosure

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PJC report on Trio Capital: call for a review of the regulation of managed funds

On 16 May 2012, the Parliamentary Joint Committee on Corporations and Financial Services (Committee) tabled its report on its inquiry in relation to the collapse of Trio Capital the largest

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Updating information in a PDS - beware the limits of Class Order 03/237

Issuers of Product Disclosure Statements (PDS) often rely on ASIC Class Order 03/237 to update information in a PDS. However, issuers need to be aware of limits on the updates to PDS information...

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Australia's tax information and exchange agreement

Australia, together with other members of the Organisation for Economic Co-operation and Development (OECD), has entered into Tax Information and Exchange Agreements (TIEAs) with a number of...

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