News & Knowledge
Articles tagged as "Financial Regulation"
ClearSix and a half year ban for property developer for promoting property investments without an AFSL
Knowledge
20th March 2025
MARQ Trustees writes about ASIC’s ban of Kingdom Developments Group director, for offering investment in property developments without an AFSL (Australian Financial Services Licence).
Can I accept foreign “wholesale” investors into my fund?
Knowledge
13th March 2025
A common question we get asked by Investment Managers is “Can I accept foreign investors into my fund”? In this article, we write about the rules for foreign investment into Australian wholesale funds.
Parliamentary Committee leaves wholesale investor test alone
News
18th February 2025
In a great outcome for our clients and for the broader industry, the Federal Parliamentary Joint Committee on Corporations and Financial Services (Joint Committee) has decided against recommending an increase to the current wholesale investor test financial thresholds in Australia.
Court issues $1.25 million penalty to unlicensed property scheme promoter
Knowledge
11th December 2024
In a first for an Australian Court, a $1.25 million penalty has been ordered against high profile property investment scheme promoter Sasha Hopkins for operating unregistered managed investment schemes.
ASIC focuses on property investment schemes and continues emphasis on pursuing action in the Courts
Knowledge
20th November 2024
ASIC has just released its enforcement priorities for 2025. They continue a theme of consumer credit protections, but also call-out property investment schemes and conduct which exploits superannuation savings.
Criminal conviction for promoting an investment without an AFSL demonstrates what can happen when you ignore the law
Knowledge
17th July 2024
MARQ Trustees write about a NSW criminal conviction serving as a reminder about the consequences of acting without an AFSL.
MARQ Trustees welcomes General Counsel Matthew Moses to the team
News
1st July 2024
MARQ Trustees has welcomed a new team member, Matthew Moses, as General Counsel. Matt will play a key role in streamlining legal documentation and processes for clients.
The obligations of an AFS Licensee and Trustee
Knowledge
24th April 2024
As AFS licensees, we are required to meet strict financial guidelines as set out in the Corporations Act 2001.
Common questions answered
Knowledge
19th April 2024
WHAT IS AN AFSL? AFSL stands for Australian Financial Services License. It is a license issued by the Australian Securities and Investments Commission (ASIC) that allows a company to carry…
An AFSL is a legal requirement for virtually every person that raises money
Knowledge
21st December 2023
An Australian Financial Services License (AFSL) is a legal requirement for virtually every person that raises money. But considering its longevity and integral role it plays in the industry, it’s…
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