We are passionate about assisting you to achieve your commercial objectives in regards to Operating a Fund (retail and/or wholesale) or CCIV and Shares or Debentures.
Starting up a fund can be a daunting project. Things to be considered in the process include:
Sophie Grace is able to assist you in starting up a fund that suits your particular circumstances and to provide you with appropriate referrals (in accordance with our no-commissions policy) to coordinate all of the appropriate elements. We can also assist with ongoing fundraising and other requirements.
For further information on the different types of structures and licensing which can be used in a funds management business, please see the following links:
Funds management/CCIVs is one of the most dynamic components of the Australian financial services industry and there are issues that must be considered before establishing your fund. Please see our important information page to learn more about these issues.
A fund in Australia is usually set up as a unit trust – where each interest in the trust is one unit.
All trusts must have:
Please refer to the diagram which outlines a common trust.
The main requirements for all funds in Australia are set out in the Corporations Act and include:
Generally, a trustee of an unregistered managed investment scheme must hold an AFSL to deal in a financial product, allowing the trustee to issue, vary or dispose of interests in the fund. In some circumstances, a trustee may be exempt from the requirement to hold an AFSL to act as trustee, by relying on the intermediary authorisation exemption in section 911(2)(b) of the Corporations Act. The intermediary authorisation is not equivalent to an authorised representative arrangement as the trustee (or “product provider”) cannot act as the authorised representative of an AFSL holder when relying on this exemption.
In order to rely on the intermediary authorisation exemption, the following must occur:
The AFSL holder, or its Corporate Authorised Representative, may also provide incidental custody services.
Contact us for further information on how we can assist you.
Sophie Grace can provide you with an AML/CTF Program and can assist you to tailor it to your business’ needs. We have three different options available to suit your business and finance needs.
You can purchase template documents from our online shop. The template is an instant download and includes prompts to help you tailor the document yourself. We have template documents for:
Sign up to the Compliance Portal and receive the template AML/CTF Program Package, and obtain access to updated documents in light of any updates we make as new guidance or amended legislation is released. Choose between:
Sophie Grace can assist you to prepare the AML/CTF Program package based on your business’ specific requirements. Contact us to discuss further.
Find everything you need in relation to the AML/CTF Reforms
Sign up today for up-to-date compliance policies and regular consultation with our staff. Watch our demonstration video now!
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