April 16, 2013 by unityadmin in News

Superannuation obligations increase – 1 July 2013

Introduction On 1 July 2013 the Superannuation Guarantee (Administration) Amendment Act 2012 will become effective. The Act passed by the Federal Government in March 2012 results in important changes for employers regarding their superannuation obligations. The Act increases the amount of minimum Superannuation Guarantee (SG) contributions for all employees from

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July 26, 2012 by unityadmin in News

What to look for when selecting a fund administrator

In a post Madoff, heavily scrutinised investment era, more investors are requiring independence and more investment managers are searching for the benefits obtained by outsourcing to an appropriately qualified fund administrator. The following article sets out some key criteria for selecting a fund administration partner. Services offered by fund administrators

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June 11, 2012 by unityadmin in News

Changes to Reduced Input Tax Credits (“RITC”)

Effective, 1 July 2012, the GST regulations have been amended (item 32 of GST regulation 70-5.02(2)) as they apply to managed investment schemes. The Reduced Input Tax Credit (“RITC”) of 75% on the GST paid on a fund’s expenses is being further reduced to 55%. There is some relief in

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March 13, 2012 by unityadmin in News

A Brighter Outlook for Emerging Hedge Fund Managers in 2012

According to AIMA in its First Quarter Journal (March 2012), we are seeing some positive momentum change in the outlook for 2012. Reflecting on 2011 and making predictions for 2012, the general consensus seems to be that 2011 was not a great year for hedge funds; in fact it was

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February 24, 2012 by unityadmin in News

France ends short selling ban on French financial securities

Effective 11 February 2012, France has lifted the prohibition on any creation of a net short position and increase of an existing one in relation to French equity securities of the financial sector (as listed below): As a consequence thereof, the prohibition of short sales regarding equity securities and securities

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August 22, 2011 by unityadmin in News

Interim investment management regime and FIN 48 solution for foreign funds announced

On 16 August 2011, the Government released exposure draft legislation seeking to address two key measures relevant to foreign funds and their Australian based intermediaries. The first measure relates to the application of US accounting standard ‘FIN 48′ and US-based fund managers investing in Australia.  Under recent changes to FIN

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