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- Regulatory
Property Funds Association of Australia recently provided a submission to ASIC Consultation Paper 388: Net tangible assets requirements for responsible entities, which explores options to increase the net tangible assets (NTA) requirements for responsible entities and other AFSL holders.
PFA appreciates ASIC’s focus on regulatory system…
PFA appreciates ASIC’s focus on regulatory system…
PFA Regulatory Update – March 2021
- Regulatory
In November 2020, ASIC released an Information Sheet (INFO 251) which clarified its position on ‘authorised representatives’ acting as trustees of unregistered managed investment schemes rather than AFSL holders. This has previously been an area of uncertainty for trustees of unregistered property funds offered to wholesale investors.