PLATFORMS, WRAPS AND MASTER FUNDS (IDPSS) NEW
Platforms, wraps and master funds (IDPSs)
Platforms, wraps and master funds are industry terms for what ASIC refers to as investor-directed portfolio services (IDPSs) or IDPS-like schemes. IDPSs are managed investment schemes for holding and dealing with one or more investments selected by investors. They are managed investment schemes because investors have the expectation of cost savings (e.g. through the netting of transactions or the pooling of funds to acquire investments) or access to investments that would not otherwise be available to them. They can be either registered or unregistered.
We can:
- assist you meet the conditions of ASIC class order 13/763
- prepare the IDPS guide and IDPS contract
- for IDPS-like schemes, prepare the scheme documentation including constitution and compliance plan, and
- prepare the product disclosure statement (PDS) for the scheme.
EQUITIES FUNDS
EQUITIES FUNDS
Funds which invest in securities like shares are one of the most common forms of managed investment vehicles in Australia. Single asset or multi-sector, active or passive: the range of investment classes and strategies is very broad.
Read More PROPERTY FUNDS
PROPERTY FUNDS
Property funds can take many forms including development funds, AREITs and property securities funds. They can be single or multi-asset, fixed term or open-ended. Each presents its own unique challenges.
Read More HEDGE FUNDS
HEDGE FUNDS
ASIC considers that a hedge fund is a registered managed investment scheme that is promoted by the responsible entity using the expression and as being a ‘hedge fund’, or exhibits two or more of the characteristics of a hedge fund.
Read More MORTGAGE FUNDS
MORTGAGE FUNDS
A ‘mortgage scheme’ is a managed investment scheme that has, or that is likely to have, at least 50% of its non-cash assets invested in 'mortgage loans' and/or unlisted mortgage schemes.
Read More PLATFORMS, WRAPS AND MASTER FUNDS (IDPSS)
PLATFORMS, WRAPS AND MASTER FUNDS (IDPSS)
Platforms, wraps and master funds are industry terms for what ASIC refers to as investor-directed portfolio services (IDPSs) or IDPS-like schemes.
Read More PRIVATE EQUITY AND VENTURE CAPITAL FUNDS
PRIVATE EQUITY AND VENTURE CAPITAL FUNDS
PE funds, venture capital limited partnerships (VCLPs) and early stage venture capital limited partnerships (ESVCLPs) are investment vehicles with unique features that require specialist legal advice.
Read More SERVICED STRATA SCHEMES
SERVICED STRATA SCHEMES
To avoid the need to register a management rights scheme as a managed investment scheme with ASIC and obtain an AFS licence to operate it, promoters and/or operators need to comply with ASIC’s class order relief.
Read More TIMESHARING AND FRACTIONAL OWNERSHIP SCHEMES
TIMESHARING AND FRACTIONAL OWNERSHIP SCHEMES
A fractional or shared ownership scheme is a form of time-sharing scheme, however, the investors are on the title to a property as a tenant-in-common with other investors, and potentially share in any capital gain (or loss) arising from the change in the property’s value.
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