Latest Financial

News

Feb 2017
Nov 2016

RG97 and Class Order 14/252 Update

ASIC has announced a delay to the requirement for responsible entities to comply with the new fee and cost disclosure rules applying to PDSs under RG97 and Class Order 14/252. Previously, all PDSs on issue from 1 February 2017 were […]

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Oct 2016

22nd Annual Property Funds Industry Forum

One Investment Group is proud to have sponsored the 22nd Annual Property Funds Industry Forum held on the Sunshine Coast from 16th to 18th of October 2016. The theme of the forum was “A marketplace where entropy reigns supreme”. With […]

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Jul 2016

PFA Advisor Directory Event Melbourne July 2016

Justin Epstein was recently asked by the Property Funds Association to provide a presentation to fledgling property fund managers or companies thinking of entering the property funds management space in Melbourne. Hosted by HLB Mann Judd, the seminar had 5 […]

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Four New AMIT Compliant Funds Launched

One Investment Group is pleased to announce it has launched four funds compliant with the Attribution Managed Investment Trust regime today. This enables the funds to apply a more streamlined approach to distributing trust income to investors, through the ‘attribution […]

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Jun 2016

AMIT is here

Here’s a summary of the good news On 21 June 2016 ASIC released the much anticipated waiver paving the way for registered schemes to modify their constitutions to become attribution managed investment trusts (AMITs) without the need for a unitholder […]

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May 2016
Mar 2016

AMIT Regime Update

Senate Committee Recommendation On 10 March 2016, the Senate Economics Legislation Committee (Committee) published its report which recommended that the Senate pass the proposed tax regime for managed investment trusts under the Tax Laws Amendment (New Tax System for Managed […]

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Jan 2016

Employee Redundancy Funds

Redundancy Funds or Worker Entitlement Funds are established for funding redundancies and other employee entitlements and are managed investment schemes, which are operated by a corporate trustee and governed by a trust deed. ASIC Corporations (Employee Redundancy Funds Relief) Instrument 2015/1150 provides relief for the requirement of these funds to be registered until October 2018.

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Dec 2015
Nov 2015

Qualified Domestic Individual Investor Program

Introduction In 2006 the Qualified Domestic Institutional Investor (QDII) scheme was launched to allow mainland Chinese investors to invest offshore through designated Chinese financial institutions within set investment restrictions and foreign exchange quotas. Since the implementation of the QDII scheme […]

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Oct 2015

Custody Agreement – Regulatory Guide 133

Current Status All custody agreements are required to comply with new content requirements from 1 November 2015 as set out in Regulatory Guide 133 ‘Managed investments and custodial or depository services: Holding assets’ and associated ASIC Class Orders dated November […]

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Jul 2015

The Future of Unit Trusts in Australia

Introduction In early June 2015 the Federal Government released the Board of Taxation’s report on tax arrangements applying to collective investment vehicles in Australia (Board). If the Board’s recommendations are accepted it will fundamentally change the funds management industry in […]

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May 2015

How Asian Capital is impacting Global Real Estate

Introduction Figures from CBRE Research estimate that the total outbound investment into property from Asia totalled US$40 billion in 2014, representing a 23% increase on 2013 figures. This activity is largely driven by five main Asian countries, with Singapore representing […]

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Apr 2015

AUSTRALIA – INVESTMENT DESTINATION

The demand for Australian investments has increased significantly over the last several years, as foreign investors continue to drive the strong growth across a broad range of Australian assets, including, commercial and residential real estate, infrastructure, government bonds and other […]

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Feb 2015

Foreign Account Tax Compliance Act Update

What is FATCA? Foreign Account Tax Compliance Act (FATCA) is a United States law that requires financial institutions, including managed funds, outside the United States to identify collect and report information about United States citizens and residents for tax purposes […]

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Dec 2014

Proposed New MIT Regime – Wave 3

The Government has announced that new draft legislation outlining the introduction of the third taxation regime for Managed Investment Trusts (MIT) will be released before Christmas 2014. The introduction of a separate MIT regime was first announced by the Federal […]

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Nov 2014

Are you on top of MIT compliance?

Whilst the Managed Investment Trust (MIT) regime is still relatively new in the Australian tax landscape, it is important to ensure that all compliance requirements are maintained.  Despite the Governments intentions to create a simplified taxing regime, the MIT provisions […]

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ASIC: Paving the Way for Electronic Disclosures

ASIC have released a new Consultation Paper,  “Consultation Paper 224: Facilitating electronic financial services disclosure”, requesting feedback on ASIC’s proposed introduction of electronic delivery of financial services disclosures. In conjunction with the Consultation, ASIC also released a draft of “Regulatory […]

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Oct 2014

ASIC submission on Agricultural Managed Investment Schemes

The Australian Securities and Investment Commission (ASIC) recently published a submission into the collapse of forestry managed investment schemes between 2009 and 2012. Whilst the submission primarily focused on forestry schemes, it also provides insight to operators, promoters and distributors […]

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Aug 2014
Jul 2014

FOFA Changes: What is the current position?

Effective 1 July 2014, the Corporations Amendment (Streamlining Future of Financial Advice) Regulation 2014(Cth), has been registered resulting in the following regulatory amendments: removal of the Opt-In requirement; Fee Disclosure Statements to apply prospectively –from 1 July 2013 only; removing […]

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Jun 2014
Mar 2014

Managed Investment Scheme – 2014 Discussion Paper

On 6 March 2014, the Corporations and Markets Advisory Committee (“CAMAC”) released a discussion paper on managed investment schemes (“MIS”).  The discussion paper follows an earlier  report on MISs by CAMAC in 2012. The current discussion paper deals primarily with […]

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Dec 2013
Nov 2013
Oct 2013
Sep 2013
Aug 2013

The Growth of Senior Debt Funds

The Australian debt landscape In Australia, the banks’ share of the primary loan market is estimated to be around 95%, versus 16% in the United States and 54% in Europe. This statistic is accentuated when considering the lack of alternative […]

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FOFA

The Future of Financial Advice (“FOFA”) reforms are a package of significant reforms for financial advisory businesses, which became mandatory on 1 July 2013. The FOFA legislation package is contained in the following two Acts: Corporations Amendment (Future of Financial […]

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Jul 2013
Jun 2013
Mar 2013

Managed Investment Trusts – March 2013 Update

The Federal government is continuing it’s commitment to Australia becoming a regional financial services hub with the on-going development of the Managed Investment Trust regime, a concessional withholding tax regime aimed at foreign investment. Australian managed investment trusts (MITs) are […]

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Feb 2013

Significant Investor Visa

Complying Managed Investment Scheme One Cash Management Fund On 24 November 2012, the Federal Government introduced a new visa referred to as the ‘Significant Investor Visa’ (subclass 188) which enables migrant investors who invest $5 million in complying Australian investments […]

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Jan 2013

One Investment Group – Corporate Trust Openings

One Investment Group is expanding its services to include the provision of Custody and Trustee services for structured finance transactions.  One Investment Group is now able to provide a full suite of services including Responsible Entity/Trustee, Custody, Fund Administration and […]

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Dec 2012

SIGNIFICIANT INVESTOR VISA

The new Significant Investor Visa was launched on 24 November 2012. The new visa program provides Australian companies and fund managers with an opportunity to market products to high net worth individuals seeking investment immigration.  The visa program is expected […]

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Nov 2012
Oct 2012
Sep 2012
Aug 2012

CAMAC Releases Managed Investment Schemes Report

The Corporations and Markets Advisory Committee (CAMAC) published its report in relation to Managed Investment Schemes on 7 August 2012. The report is in response to a request from the Government for advice on various matters concerning the regulation of managed […]

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Jul 2012

Abolition of Stamp Duties Deferred

7 July 2012 – The proposed removal of certain stamp duties in New South Wales as from 1 July 2012 has been deferred until 1 July 2013. The deferral is part of the changes to NSW State taxes announced in […]

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Jun 2012

One Investment Group acquires Columbus

On 7 June 2012, One Investment Group completed the acquisition of Columbus Investment Services Limited (CISL). CISL is a specialist provider of responsible entity and trustee services based in Sydney.  The business was established in 2003 and currently acts as […]

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May 2012
Mar 2012
Dec 2011
Nov 2011

ASIC seeks to improve prospectus disclosure

ASIC has released new guidance for issuers of disclosure documents, to assist them in producing documents which are “clear, concise and effective”.  The guidance is contained in Regulatory Guide 228 Prospectuses: Effective disclosure for retail investors. As a regular issuer […]

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New capital requirements for Responsible Entities

On 7 November 2011, ASIC released details of new financial requirements for responsible entities of registered managed investment schemes. Whilst the changes introduce more onerous financial requirements than the current requirements, One Investment Group welcomes the changes as we believe […]

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Sep 2011
Aug 2011
Jun 2011
May 2011
Feb 2011
Jan 2011

Last Man Standing Issue

19 January 2011 – Following the release of the Federal Courts judgment in Colonial First State Investments Limited v Commissioner of Taxation, (“Colonial First State case”) Trustees and investors can gain further understanding around the taxation treatment of trust distributions […]

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New Exemption for Foreign-Based Funds Announced

19 January 2011 – The Assistant Treasurer has announced a new exemption for relevant investment income derived by foreign-based funds investing in Australia via Australian fund managers. The exemption is intended to increase the inflow of foreign funds into Australia […]

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Dec 2010

Taxation of Private Equity

1 December 2010 – The Australian Tax Office has confirmed its position that the Private Equity investments in particular gains on sale of shares in Australian companies should be taxed on revenue account as opposed to capital for tax purposes, […]

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Aug 2010
Jul 2010

Everest Financial Group Update

13 July 2010 – The Board of Everest Financial Group released an ASX announcement advising that they had entered into a binding Implementation Deed with One Investment Group. Entities within One Investment Group expect to assume the Responsible Entity/Trustee and […]

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Everest Financial Group

02 July 2010 – The Board of Everest Financial Group released an announcement advising that its subsidiary, Everest Capital Limited, has accepted One Investment Group’s unconditional offer to assume the fund management responsibilities currently undertaken by Everest Capital Limited and […]

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Jun 2010