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Results: 1-10 of 58

Directors and their adviser found liable in relation to phoenix activity

  • Piper Alderman
  • -
  • Australia
  • -
  • October 13 2009

On 8 September 2009, in an action brought by the Australian Securities and Investments Commission (ASIC), Acting Justice Windeyer of the Supreme Court of New South Wales found that Mr Timothy Donald Somerville, a solicitor, contravened the Corporations Act 2001 (Cth) (Act) by assisting eight directors of unrelated companies to breach the Act by engaging in what ASIC regards as illegal "phoenix activity"

A new era of disclosure for managed investment schemes

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

In February 2008, the Federal Government announced that a "Financial Services Working Group" would be formed to look at the issues surrounding financial services' advice and disclosure, aiming to develop short, standard and easy to understand superannuation and managed investment scheme product disclosure statement documents

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

GFC and the restructure of Managed Investment Schemes

  • Piper Alderman
  • -
  • Australia
  • -
  • August 2 2010

The impact of the GFC has resulted in some restructuring activity of Managed Investment Scheme arrangements

Agricultural and non-forestry MIS - TD 20107-9

  • Piper Alderman
  • -
  • Australia
  • -
  • April 16 2010

The recent global financial crises has had an impact on several agricultural and nonforestry managed investment schemes

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

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

Reporting on resource reserves

  • Piper Alderman
  • -
  • Australia
  • -
  • September 24 2010

While many will be aware of the Australian Securities Exchange's (ASX's) 2007 proposal to amend the Listing Rules to improve reserve reporting, there have since been further investigations into these issues

Reversal of fortune - Rosenberg and ASIC

  • Piper Alderman
  • -
  • Australia
  • -
  • October 29 2010

Rosenberg was disqualified by ASIC from providing financial services on the basis that he had engaged in misleading and deceptive conduct in relation to financial products by engineering transactions that created a false market or the appearance of a false market in listed securities

Increase gender diversity on boards? If not, why not?

  • Piper Alderman
  • -
  • Australia
  • -
  • June 25 2010

ASX listed companies may soon be required to pay closer attention to board membership with particular emphasis on gender diversity