Sydney, Australia-----How to define Managed Investment Scheme?

Managed funds remain the other name of the managed investment scheme which has got other names like 'collective investments' and 'pooled investments'. Usually the scheme consists of:


People get brought together for the contribution of money with an interest for the scheme. Here the 'interests' gets defined as the financial product type which gets regulated by the 2001 'Corporation Act'.
Together money gets pooled along with the investors present where the number may vary from several hundreds to even thousands or gets utilized in an enterprise which remains the common one.
The scheme gets operated by some 'responsible entity'. An investor would not be having an everyday control over the scheme's operation.
Several varieties of managed investment schemes get covered with the key word made in bold. And some of them that have gained lot popularity are discussed below:


Property trusts
Trusts with cash management
Share trust with the Australian equity
Many schemes related to agriculture, for instance, aquaculture, horticulture, commercial breeding of horses etc.
Certain schemes related to film
Schemes of timeshare
Some schemes on mortgage
Actively managed schemes on managing strata
What are the investment types that cannot be included as the managed investment schemes?

Usually the managed investment schemes get included under the tag of the bold key word. To make it more clear below are mentioned the examples, which can be said as the not managed schemes of investment:


Regulated funds for superannuation
Deposit funds that have its approval
Barter schemes
Debentures which get issued by the corporate body
Franchises
Direct procurement of other equities or shares
Schemes that get operated by some Australian bank in the general course of business, particularly banking, for example the deposit banking businesses
How to begin the investment schemes?

To make a proper registration of some scheme the anticipated responsible entity needs to be:


A registered company of the continent Australia
Hold a license of AFS (Australian Financial Service) and provide an authorization to the responsible entity for making a good operation of the proposed scheme
If the entity who is in the process of anticipation for the proposed scheme does not hold any license of AFS authorization for operating the scheme, then they are required to make sure about an application for the Australian Financial Service license or just a variation of the license that is already existing has got submitted for the registration of the same.

What is the process of registering a scheme?

The current licensees can online lodge the 5100 form either through the registered portal agent or through the portal of AFS licensee.

The new licensee would be making the application through the portal of the registered agent.

Alternatively the licensee would also be able to make a direct download of the form and lodge the same at the center kiosk of the ASIC center.

This is about the keyword made in bold.

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Company Overview:

One Investment Group is an independent funds management business specialising in providing Responsible Entity, Trustee, Custody and Administration services. We manage a range of asset classes including hedge funds, real estate, private equity, infrastructure, equity and mortgage.