Financial Institutions and Markets (J)



Contact: David Prichard; ESV (New South Wales, Australia)

As if running your own business is not complicated enough, the funding of associated ventures and extraction of funds from the family business is fraught with damage due to the application of deemed dividend rules known as Division 7A.

Read more: More Changes to Deemed Dividend Rules? Here We Go Again!

Contact: ESV Chartered Accountants (New South Wales, Australia)

Where a Responsible Entity (RE) for a hedge fund or fund of hedge fund offers product to retail investors in Australia, ASIC has released RG 240 (effective 1 February 2014) which requires greater disclosures to be made by RE's.

Read more: Managed Investment Schemes: Hedge Fund Disclosures