While ASIC Chairman Greg Medcraft this week warned the Australian funds management industry to clean up their act, in the UK, financial regulators will soon have the power to intervene directly in the market. By Pat McConnell In opening the Australian Securities and Investment Commission (ASIC) forum this week,...

The producers behind a low budget film designed to cheat the taxman out of £2.7m ($4.1m) have received jail sentences at Southwark Crown Court in the UK.   Screen Daily has spoken to director Paul Knight about the project. Evolved Pictures’ bosses Bashar Al-Issa and Aoife Madden have both received...

It’s no secret that the past twelve months have presented a challenging capital raising environment for the mining industry. Traditional debt and equity markets declined amidst a risk-averse investor sentiment and while new sources of capital emerged to fill the gaps, it remained a competitive time for mining companies...

An estimated $6 billion in annual inflow will equate to one sixth of the entire superfund industry net inflows last financial year, and one half of SMSF net inflows.  This represents a significant opportunity for Australian firms when considering the large number of industry participants now active in the nation’s superfund and SMSF sectors....

Property investors can use limited recourse borrowing (LRBA) to fund off-the-plan investments using their self-managed super funds. Under this strategy, your SMSF receives a concessionally taxed rent, pays off the loan while you are still working, and transfers the property to you upon retirement. After your retirement, you can...

Offshore Funds Update  The Hong Kong Government’s budget-time announcement that it will move to extend the current Offshore Funds profits tax exemption to include Private Equity Funds is an exciting “opening of the door” – which should draw many funds back to the SAR.The budget announcement also foreshadowed a fuller review...

Introduction The European Commission adopted a regulation on the 19th December 2012, setting out the detailed requirements applicable to Alternative Investment Fund Managers (AIFMs) arising from the Alternative Investment Fund Managers Directive (AIFMD). The requirements under the AIFMD will take effect in July 2013 and the Regulation is also...

With the AUD at at 8 month low on the back of poor building data PRD have released ther Feb 2013 Property Research report and overlayed Westpac’s Consumer Sentiment.   Source PRDnationwide Research Monthly WrapThe initial release of data on key economic indicators during the end of 2012 and...

IN THE 1850s, the Chinese came to Australia to mine for gold. This year they’re coming for property. At a recent roadshow in Shanghai, the prestige agency Sotheby’s showcased nine Sydney luxury homes to an enthralled audience. In the room were 60 people who had expressed interest in the...

A Hong Kong Govt study indicates that the financial services sector are one of the most vulnerable to climate change so being of interest to Financial Services Companies in Hong Kong  Aust Cham have dostributed an workshop run by the HK Business Environment Council regarding to “The Heat is On:...