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Anti-Money Laundering & Counter Terrorism Financing |
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Australia’s financial service providers and others have until 12 December 2007 to get their anti-money laundering / counter-terrorism financing (AML/CTF) programs in place. read more.... |
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Recent legislative changes in relation to rights issues |
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Recent amendments to the Corporations Act 2001 (Act) permit listed companies and managed investment schemes to raise capital through a rights issue without preparing a prospectus or product disclosure statement (PDS). Before taking advantage of this new simplified approach to capital raising, listed entities should consider the associated benefits, limitations and risks. read more... |
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ASIC focuses on liquidity and withdrawal disclosure |
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The Australian Securities & Investments Commission (ASIC) is currently paying particular attention to liquidity and withdrawal rights in registered managed investment schemes, and has issued a consultation paper (Consultation Paper 84) on the issue. read more... |
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The investment horizon opens up for super trustees |
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Trustees of superannuation funds are finding it increasingly difficult to identify appropriate investment opportunities for the substantial resources now invested in superannuation. read more... |
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ASIC and Westpoint: The Mechanics of a Collapsing Mezzanine |
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The collapse of the Westpoint group and the loss of many millions of dollars of investors’ funds has been the subject of much publicity. ASIC has recently announced that it will commence legal action to recover damages on behalf of investors in respect of various Westpoint developments. read more... |
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