| Description |
xxvi, 466 pages ; 25 cm |
| Contents |
1. History of the managed investment scheme -- 2. The managed investment scheme -- 3. Registration of managed investment schemes -- 4. The responsible entity -- 5. Scheme property -- 6. Changing the responsible entity -- 7. The Constitution -- 8. The compliance pland and compliance committee -- 9. Withdrawal and redemptions -- 10. Related party transactions -- 11. Winding up of schemes -- 12. Licensing issues -- 13. Disclosure obligations -- 14. Liability for defective disclosure documents -- 15. Disclosure to wholesale clients -- 16. Advertising and hawking -- 17. Internalisation of management rights -- 18. Mergers and acquisitions -- 19. Taxation and managed investment schemes - general principles -- 20. Taxation and managed investment schemes - trusts -- 21. Taxation and managed investment schemes - agribusiness schemes -- 22. Restructures, mergers and acquisitions of managed investment schemes which are trusts (MIT) - taxation issues |
| Summary |
"According to the Australian Bureau of Statistics, as at 30 June 2011 the managed funds industry had approximately $1,824 billion of funds under management. Therefore the managed investment scheme is very important to the Australian economy. Despite this importance, the law concerning the managed investment schemes has historically formed only a small part of the Corporations legislation although the case law interpretation and regulatory involvement has increased exponentially since 2009 following the global financial crisis. Managed Investment Schemes examines the current status of the managed investment scheme taking into account the history and evolution of the scheme and the current law and regulation as well as examining possible future reforms. However this is done not only from a jurisprudential but also from a practical point of view and will therefore be helpful not only to the legal profession and law students but also to industry participants. The author brings together in the book his many years of experience in the industry and provides a handy guide to all participants in the industry. Importantly, because tax is the primary driver of the managed investment scheme, the book also contains a detailed examination of the tax issues involved with the different types of schemes. Following the global financial crisis, there has been increased rationalisation of the industry involving merger and acquisition activity. The book therefore also considers the legal and regulatory issues involved in trust acquisitions as well as the tax and stamp duty consequences of the same."--Publisher's website |
| Analysis |
Australian |
|
Commercial & financial law (Australia) |
|
Investment (Australia) |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Financial services industry -- Australia -- Management.
|
|
Investments -- Law and legislation -- Australia.
|
|
Investments -- Australia.
|
|
Management.
|
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Mutual funds -- Law and legislation -- Australia.
|
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Mutual funds -- Australia.
|
| ISBN |
9781862878488 |
|
