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- Regulatory
ASIC 2025 enforcement priorities – new focus on ‘unscrupulous’ property investment schemes:
ASIC has placed what it calls ‘unscrupulous property investment schemes’ firmly in its sights as parts of its enforcement priorities for 2025.
ASIC has placed what it calls ‘unscrupulous property investment schemes’ firmly in its sights as parts of its enforcement priorities for 2025.
- Regulatory
Unlisted property fund managers should heed ASIC’s two recent wins in enforcing DDO, and take the opportunity to review their compliance with the regime, according to Charlie Renney, Senior Associate at Hall & Wilcox Lawyers.
- Member Profile
Sam Sproats is an Executive Director Funds Management, for Growthpoint Properties Australia, an ASX-listed Real Estate Investment Trust which invests in high quality industrial and office properties across Australia. Sam has more than 28 years of experience in real estate funds management, and currently leads Growthpoint’s funds management business.
- Regulatory
ASIC has released a report on DDO (ASIC REP 795), which offers more guidance on distribution practices for product issuers, including consumer questionnaires and Australia’s anti-money laundering and counter-terrorism financing laws will be expanded and simplified under legislation introduced to Parliament by the Attorney-General in September 2024.
- Learning Series
In yesterday’s boom market there was limited time for due diligence, which sometimes meant essential steps were overlooked, according to Dimity Lee, Associate Director of Investment Valuation and Capital Markets Advisory at Preston Rowe Paterson.
- Wholesale Investor Test
Property Funds Association of Australia (PFA) has been invited to present to the Parliamentary Joint Committee on Corporations and Financial Services (PJC), regarding wholesale investor and client test thresholds, on 4 October 2024.
- Environment & Sustainability
In commercial property ESG presents a major opportunity to meet the growing expectation of investors for cleaner, greener, more socially conscious and well-governed investments, according to Damien Connell, Principal: Circular Economy at boutique consulting firm, Ratio Consultants.
- Regulatory
Property Funds Association of Australia (PFA) met with ASIC on 10 September as part of a regular schedule to discuss key issues relating to unlisted property funds, including ASIC’s current regulatory and enforcement priorities.
- Regulatory
A key decision in Oliver Hume Property Funds (Broad Gully Rd) Diamond Creek Pty Ltd v Commissioner of State Revenue [2024] VSCA 175 (8 August 2024) by the Victorian Court of Appeal could have far-reaching consequences for the levying of landholder duty on unlisted property funds.
- Regulatory
Read the latest update form the Issues & Regulatory Committee.
- Wholesale Investor Test
Plans to change the wholesale investor test thresholds, as part of Treasury’s review into managed investment schemes, have been shelved, according to an article in the Australian Financial Review.
- Environment & Sustainability
Some of the best returns available in commercial real estate involve sustainability upgrade projects, according to Davina Rooney, CEO of the Green Building Council of Australia (GBCA), who discussed the risks and opportunities around sustainable finance for property at the recent PFA 2024 Conference on the Gold Coast.
- Business
As build-to-rent moves from the niche to the mainstream there are several key considerations for success, according to Christian Grahame, Head of HOME, which is Australia’s largest build-to-rent platform developing and managing properties across the country.