Australia
Profiles & Comment | 14 Aug 13
lmim investors group lashes out
In the wake of last week’s winding up order by the Supreme Court of Queensland of LM Investment’s First Mortgage Income Fund, the Advisers Committee for Investors lashed out at what it said were “multiple failings" within Australia’s regulatory system, for having permitted the fund to get into the state it did…
court applications filed in lm investment
Proceedings have been filed in Queensland Supreme Court in Australia in connection with one of the funds managed by LM Investment Management, the beleaguered fund management group which filed for voluntary administration in March.
australian court hands control of key lm fund
The Supreme Court of Queensland today transferred control of a key LM Investment Management fund to KordaMentha, an Australian insolvency and restructuring specialist, and Calibre Capital Ltd.
administrator of lm investment reveals
The administrators for Australia-based LM Investment Management, appointed last month, have told a meeting of creditors that they are looking into an A$17m ($17.8m) personal loan the company made to its founder, Peter Drake, The Australian and other publications are reporting today.
Tax & Regulation | 21 Mar 13
aus govt to enshrine law financial adviser terms
The Australian Government has this week tabled legislation that will define in law the terms 'financial planner' and 'financial adviser', setting the regulatory pace for the rest of the world.