FMA seeks legal clarification on expert investor rules

FMA seeks legal clarification on expert investor rules
(Image: NZME)
Staff reporters
The Financial Markets Authority has asked the High Court to clarify the use of eligible investor certificates in the wholesale investment sector. The High Court proceeding follows investigations into the use of such certificates by various wholesale property developers, although the regulator said it didn’t relate to any particular party.The Financial Markets Authority (FMA) has in the past warned several wholesale property firms about their practices, including Du Val Capital Partner and Du Val BTR GP Limited, E+O Property Syndicati...

More Property

Seascape developer yet to cough up $36m
Property

Seascape developer yet to cough up $36m

Builder China Construction’s just-filed statements indicate the row isn’t over.

Maria Slade 11 Apr 2025
Vital Healthcare selling $50m worth of Melbourne property
Property

Vital Healthcare selling $50m worth of Melbourne property

The properties are in Box Hill, a highly regarded Australian healthcare precinct.

John Anthony 11 Apr 2025
Fast-track panels not out of blocks yet
Policy

Fast-track panels not out of blocks yet

The first three projects to go through the process are still waiting on panels.

Oliver Lewis 10 Apr 2025
Radius Care forecasts second-half earnings up 23%
Property

Radius Care forecasts second-half earnings up 23%

A strong final quarter has helped Radius Care increase its earnings by 23% in the second half.The aged care specialist announced operating results for the financial year ended March 31 in a trading update on Wednesday. Subject to audit completion, underlying earnings before inter...

Staff reporters 09 Apr 2025