Penalty calls

Article Abstract:

The latest draft ruling issued by the Australian Taxation Office around the end of 2005 is discussed. This raised the possibility that many listed investment companies (LIC) investors could miss out on the normal 50 percent capital gains tax discount while some of the most likely to qualify for the concession are the current members of Australian Listed Investment Companies Association such as Argo Investments, Australian United Investment Company, and Brickworks Investment Company.

Public Finance Activities, Legal issues & crime, Government regulation (cont), Government regulation, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Legal/Government Regulation, Capital Gains Taxes, Laws, regulations and rules, Tax policy, Capital gains tax, Australia. Australian Taxation Office

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The hedge of reality

Article Abstract:

Absolute return funds are now available in Australia, but their use of offshore hedge funds and the diverse array of trading strategies opens the funds to serious tax consequences. Participants may be subject to Foreign Investment Fund rules, and (since the funds take profits from buying and selling during a year) the earnings will likely not qualify for the capital gains concession availbale to profits on investments that have been held for at least one year.

Management dynamics, Management, Company business management, Hedge funds

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Absolute beginners

Article Abstract:

Colonial First State and Deutsche Asset Management now offer absolute return funds to any investors with over $1,000 or $5,000 (respectively) to invest. The absolute return funds guarantee a good return no matter what the overall market is doing. Rothschild Australia, Macquarie and Challenger International are considering similar offerings. The funds are basically a sub-category of hedge funds. Article examines some of the workings of such funds

Services, Mutual fund industry, Deutsche Asset Management Inc., Colonial First State (Australia)

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