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dc.contributor.authorRajapakse, Pelmaen_US
dc.contributor.authorHodgson, Leeanneen_US
dc.contributor.editorDennis Campbellen_US
dc.date.accessioned2019-02-11T01:00:52Z
dc.date.available2019-02-11T01:00:52Z
dc.date.issued2018en_US
dc.identifier.isbn9789403506111en_US
dc.identifier.urihttp://hdl.handle.net/10072/381920
dc.description.abstractAustralia1 is the third-largest fund management market in Asia.2 At 31 December 2016, Australian-managed funds institutions held around $2,649.2-billion worth of assets.3 Superannuation represents approximately seventy-five per cent of the unconsolidated assets in the managed funds industry and thus confidence in the regulation of the industry must be preserved. Recently, the Australian fund management industry has been exposed to significant financial fraud.4 A parliamentary inquiry into the largest superannuation fund in Australia’s history — Trio Capital — reported significant weaknesses in the superannuation industry.5 In Trio Capital’s case, approximately 6,000 victims lost approximately Aus. $122-million in retirement savings. Five years after this fraud, the underlying weaknesses of the Australian funds management industry remain unaddressed. This article evaluates how corporate structures used in the industry, and applicable policies, laws, and governmental agencies responsible for the regulation of the industry, impact the regulatory framework to prevent investment fraud. Also explored is the role of the financial adviser and how conflicts of interest can lead to fraud. This research mainly focuses on the funds management industry in Australia, while drawing comparisons with the United Kingdom and the United States. This international comparison has significance in that the structure and regulation of offshore hedge funds provides a useful point of comparison.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherWolters Kluweren_US
dc.publisher.placeUnited Kingdomen_US
dc.publisher.urihttps://lrus.wolterskluwer.com/store/product/comparative-law-yearbook-of-international-business-volume-40/en_US
dc.relation.ispartofbooktitleComparative Law Yearbook of International Business Volume 40en_US
dc.relation.ispartofchapter2en_US
dc.relation.ispartofpagefrom3en_US
dc.relation.ispartofpageto29en_US
dc.relation.ispartofvolume40en_US
dc.subject.fieldofresearchEconomics not elsewhere classifieden_US
dc.subject.fieldofresearchcode149999en_US
dc.titleImpact of Regulatory Framework on Fund Management Frauden_US
dc.typeBook chapteren_US
dc.type.descriptionB1 - Book Chapters (HERDC)en_US
dc.type.codeB - Book Chaptersen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.hasfulltextNo Full Text
gro.griffith.authorRajapakse, Pelma J.
gro.griffith.authorHodgson, Leeanne


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