Budget papers reveal ASIC will receive $17.8 million over the next four years to help monitor managed investment schemes in the aftermath of the Shield and First Guardian collapse. But the welcome additional funding comes as the financial services industry offers a largely negative response to the Labor government’s increase in capital gains tax.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Managed Funds