The Australian funds management industry is one of the most dynamic components of the Australian investment landscape.
We have seen enormous changes to the industry in respect of product development, some of which in response to changes to the legislative and regulatory framework.
The funds management industry includes a range of industry sectors, including passive property, property development, mortgages, equities, derivatives and cash. To establish a managed fund or an investment company, the issuer is generally required to hold an AFS licence. However, there are a number of options available to establish and structure these investment vehicles.
MLC Legal offers a range of funds management and capital raising related services, including:
- Establishment of retail managed funds
- Establishment of wholesale managed funds
- Small scale offerings (i.e. 20/12/2 offers)
- Special purpose trustee arrangements
- Structuring advice
- Deregistration and winding-up of managed funds
- Offer document preparation and review, including product disclosure statements ("PDSs"), prospectuses and information memorandums
- Trust deeds and compliance plans
- Compliance committee requirements
- Intermediary or outsourced issuer arrangements
- Product distribution arrangements
- Investment management agreements
- Continuous disclosure obligations
- Advice on technical issues regarding funds management, such as unit pricing and personal offer requirements