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Results: 1-10 of 17

FOFA reforms

  • Piper Alderman
  • -
  • Australia
  • -
  • November 8 2012

As part of the FOFA reforms, recent amendments have been made to the Corporations Act which impose two statutory obligations on any individual (the provider) who provides personal advice to a retail client

Fiduciary duties of financial advisors

  • Piper Alderman
  • -
  • Australia
  • -
  • November 8 2012

Although it is hard to understand how this view could have arisen, there was a view amongst some members of the financial planning industry that financial planners did not owe fiduciary duties to their clients

Trusts is streaming of income permitted?

  • Piper Alderman
  • -
  • Australia
  • -
  • July 14 2010

Up until the decision of the High Court in Bamford the Commissioner has accepted that a trustee may stream categories of income to different beneficiaries e.g. capital gains and franked dividends

Managed investment trusts making CGT choice

  • Piper Alderman
  • -
  • Australia
  • -
  • July 14 2010

If you are an Australian managed investment trust you may make a choice that certain assets of your trust are to be treated on capital rather than revenue account e.g. shares and land

The future of financial advice: the devil will (probably) be in the detail

  • Piper Alderman
  • -
  • Australia
  • -
  • July 22 2011

In the aftermath of high profile corporate collapses resulting in significant losses for Australian investors acting on financial advice, the Parliamentary Joint Committee on Corporations and Financial Services launched an inquiry into the financial planning industry

Consultation Paper 133 Agribusiness managed investment schemes - improving disclosure for retail investors

  • Piper Alderman
  • -
  • Australia
  • -
  • May 25 2010

ASIC is currently seeking stakeholder feedback on Consultation Paper 133 Agribusiness managed investment schemes: Improving disclosure for retail investors, issued on 8 April 2010

Managed investment schemes constitutions

  • Piper Alderman
  • -
  • Australia
  • -
  • November 8 2012

ASIC has issued a consultation paper that sets out a number of alternative proposals to amend its current regulatory guide as to the content of Constitutions for managed investment schemes

Stamp duty abolition timetable extended again

  • Piper Alderman
  • -
  • Australia
  • -
  • June 27 2012

The NSW Government has once again extended the timetable for abolition of stamp duty on unlisted marketable securities, mortgages and transfer of non-land business assets for another 12 months

Managed investment trusts increase in withholding tax

  • Piper Alderman
  • -
  • Australia
  • -
  • May 31 2012

The Government has announced that MIT withholding tax which is currently only 7.5 for foreign investors who are resident in a country with which Australia has a tax information sharing agreement will be increased to 15

Financial requirements for responsible entities to change from 1 November 2012

  • Piper Alderman
  • -
  • Australia
  • -
  • February 15 2012

While responsible entities of managed investment schemes still have a reasonable period of time to prepare for the changes ASIC has made to the financial requirements under their Australian Financial Services Licence (AFSL), the changes significantly increase the regulatory and financial burden they face