Responsible Entity – What is it?
A Responsible Entity has the dual role of trustee and manager of an investment scheme, and must be appointed if an investment scheme needs to be registered.
The Responsible Entity must be an Australian public company, with certain levels of net tangible assets, depending on the value of the scheme’s assets.
When acting on behalf of an investment scheme, the Responsible entity must:
- Act honestly
- Exercise a reasonable degree of care and diligence
- Act in the best interest of members of the investment scheme
- Treat all investment scheme members equally
As a Responsible Entity, One Investment Group can help ensure the other requirements of a registered investment scheme are complied with. Including;
- Establishment of a constitution
- Creating and monitoring a compliance plan
- Registration of the Scheme
One Investment Group will help ensure compliance with all legal and regulatory requirements, manage reporting, accounting, and back-office services.
Latest News
-
2012 FEDERAL BUDGET IMPACT – FOR MANAGED INVESTMENT TRUSTS
In an unexpected move, the Federal Government has announced in its 2012 Budget that the managed investment trust ("MIT") withholding tax rate would be increased from 7.5% to 15% ... -
New Fund Launch – KPI Global Fund
28 March 2012 – One Investment Group is pleased to announce the launch of the KPI Global Fund. -
New Fund Launch – Benlee Property Trust No 5
28 March 2012 – One Investment Group is pleased to announce the launch of the Benlee Property Trust No 5. -
ATO Draft Ruling – The Meaning of Income for Trust Tax Law purposes
On 28 March 2012, the ATO released draft tax ruling, TR 2012/D1, outlining the ATO’s view on the meaning of ‘income’ for trust tax purposes. The draft ruling ... -
FoFA Bills passed by the House of Representatives
On 22 March 2012, the progress of the FoFA legislation continued when two bills were passed in the House of Representatives. A number of provisions ...
