Funds Management

Financial Services

Financial Services » Funds Management

Since the late 1970s collective investment vehicles like listed managed funds have provided a vehicle for Australians to aggregate their wealth. Australians have the highest average per capita investment in managed funds in the world. Much of these funds come from superannuation, the strong growth of which is underpinned by government policies.

Funds under management (excluding superannuation funds) are soon expected to reach $675 billion.

After a number of refinements, the model we see today far surpasses its predecessors. However, weaknesses exposed by recent collapses and other global factors ought to encourage the industry to identify improvements to the collective investment model through better regulation (including tax treatment) and governance practices.

Corrs works closely with clients on corporate and governance issues for managed funds and A-REITs, to help ensure that all regulatory and general law standards are met. We work across all the major asset classes and with a range of funds, including retail and wholesale funds both listed and unlisted, structured products and alternative investments.

Our Experts

Andrew Lumsden.jpg

Andrew Lumsden

Partner Location Sydney Profile
Christine Maher.jpg

Christine Maher

Consultant Location Brisbane Profile
DALEY Felicity website grey SIZED TH

Felicity Saxon

Special Counsel Location Sydney Profile
DWYERJoannewebsitegreySIZEDTH.jpg

Joanne Dwyer

Special Counsel Location Brisbane Profile
Mellos Kon CMYK 90x130

Kon Mellos

Partner Location Melbourne Profile
Michael Chaaya.jpg

Michael Chaaya

Partner Location Sydney Profile
GRAHAM Nicole website grey sized TH

Nicole Graham

Special Counsel Location Sydney Profile
SCHNABELSarahwebsitegreySIZEDTH14.jpg

Sarah Schnabel

Special Counsel Location Sydney Profile

Our Experience

Establishment of the Mirvac Wholesale Residential Development Partnership

Corrs is acting for Mirvac Funds Management on the establishment of the Mirvac Wholesale Residential Development Partnership (MWRDP). MWRDP’s portfolio consisted of multiple diverse residential development project, with a development value in excess of $1 billion.

Westpac Office Trust

Corrs advised Westpac on an innovative, highly geared $365million property trust to own the Westpac's new $670million Sydney headquarters.

Westpac raised an initial $182.5million, to be traded as 50¢ instalment receipts. The balance of $182.5million equity is due in November 2011.

Subsequently, Corrs acted for the responsible entity of the trust in a major restructure involving the renegotiation of the terms of the installment receipt structure and commencement of trading in Units in the Trust on the ASX.

More

Westpac Residential Trust

Corrs acted for Westpac Funds Management in Australia's first securitised residential property product aimed at retail investors.

The Westpac Residential Structured Investments gave investors exposure to the Australian residential property market via 441 residential properties in six states.

Our Thinking

Product disclosure isn’t working: Financial System Inquiry must make financial literacy the priority

The FSI’s call for a new approach to regulating financial products is welcome but it misses the core problem of financial literacy.

More

FSI panel recognises the potential of impact investment

The Financial Services Inquiry panel has thrown its support behind the fledgling impact investment industry in Australia.

More

Free trade agreements trigger financial services opportunities for Australia

Australia’s new trade agreements with Japan and Korea will also boost financial services and infrastructure investment in Australia.

More

A passport to growth - A step closer to an Asia Region Funds Passport

Australia will join New Zealand, South Korea and Singapore in signing a statement of intent to formalise the Passport.

More

Putting out the welcome mat to foreign pension and sovereign wealth funds - MIT withholding tax changes

Foreign pension funds and sovereign wealth funds investing in Australian managed trusts will soon have access to the 15% concessional tax rate.

More

Managed funds in the Asian Century - A real opportunity for Australia?

Australia may have missed the opportunity to become the Asia Pacific financial services hub, but not the beacon of best practice.

More

Islamic finance in Australia Part 3 - What’s stopping Islamic finance flourishing down under and what must be done

Apathy and a lack of understanding are stopping Australia rising to become an important Islamic finance hub in Asia Pacific.

More

Islamic finance in Australia Part 2 - Islamic finance opportunities Down Under

This is the second instalment in a series of articles looking at Islamic finance as an emerging opportunity on the Australian financial services landscape.

More

Islamic finance in Australia Part 1 - Introducing Islamic finance

This paper introduces Islamic finance and the key structures and concepts on which it is established.

More

The future of financial advice (FOFA) reforms

The Future of Financial Advice (FOFA) reforms focus on the framework for the proper provision of financial advice.

More Download

Unlocking UK pension funds for infrastructure

Can the UK create a new asset class that encourages trustees to invest in crucial infrastructure projects?

More

Our Experience

Establishment of the Mirvac Wholesale Residential Development Partnership

Corrs is acting for Mirvac Funds Management on the establishment of the Mirvac Wholesale Residential Development Partnership (MWRDP). MWRDP’s portfolio consisted of multiple diverse residential development project, with a development value in excess of $1 billion.

Westpac Office Trust

Corrs advised Westpac on an innovative, highly geared $365million property trust to own the Westpac's new $670million Sydney headquarters.

Westpac raised an initial $182.5million, to be traded as 50¢ instalment receipts. The balance of $182.5million equity is due in November 2011.

Subsequently, Corrs acted for the responsible entity of the trust in a major restructure involving the renegotiation of the terms of the installment receipt structure and commencement of trading in Units in the Trust on the ASX.

Westpac Residential Trust

Corrs acted for Westpac Funds Management in Australia's first securitised residential property product aimed at retail investors.

The Westpac Residential Structured Investments gave investors exposure to the Australian residential property market via 441 residential properties in six states.

Our Thinking

Product disclosure isn’t working: Financial System Inquiry must make financial literacy the priority

The FSI’s call for a new approach to regulating financial products is welcome but it misses the core problem of financial literacy.

FSI panel recognises the potential of impact investment

The Financial Services Inquiry panel has thrown its support behind the fledgling impact investment industry in Australia.

Free trade agreements trigger financial services opportunities for Australia

Australia’s new trade agreements with Japan and Korea will also boost financial services and infrastructure investment in Australia.

A passport to growth - A step closer to an Asia Region Funds Passport

Australia will join New Zealand, South Korea and Singapore in signing a statement of intent to formalise the Passport.

Putting out the welcome mat to foreign pension and sovereign wealth funds - MIT withholding tax changes

Foreign pension funds and sovereign wealth funds investing in Australian managed trusts will soon have access to the 15% concessional tax rate.

Managed funds in the Asian Century - A real opportunity for Australia?

Australia may have missed the opportunity to become the Asia Pacific financial services hub, but not the beacon of best practice.

Islamic finance in Australia Part 3 - What’s stopping Islamic finance flourishing down under and what must be done

Apathy and a lack of understanding are stopping Australia rising to become an important Islamic finance hub in Asia Pacific.

Islamic finance in Australia Part 2 - Islamic finance opportunities Down Under

This is the second instalment in a series of articles looking at Islamic finance as an emerging opportunity on the Australian financial services landscape.

Islamic finance in Australia Part 1 - Introducing Islamic finance

This paper introduces Islamic finance and the key structures and concepts on which it is established.

The future of financial advice (FOFA) reforms

The Future of Financial Advice (FOFA) reforms focus on the framework for the proper provision of financial advice.

Unlocking UK pension funds for infrastructure

Can the UK create a new asset class that encourages trustees to invest in crucial infrastructure projects?

Our Experts

Andrew Lumsden.jpg

Andrew Lumsden

Partner Sydney +61 2 9210 6385
Christine Maher.jpg

Christine Maher

Consultant Brisbane +61 7 3228 9413
DALEY Felicity website grey SIZED TH

Felicity Saxon

Special Counsel Sydney +61 2 9210 6585
DWYERJoannewebsitegreySIZEDTH.jpg

Joanne Dwyer

Special Counsel Brisbane +61 7 3228 9375
Mellos Kon CMYK 90x130

Kon Mellos

Partner Melbourne +61 3 9672 3174
Michael Chaaya.jpg

Michael Chaaya

Partner Sydney +61 2 9210 6627
GRAHAM Nicole website grey sized TH

Nicole Graham

Special Counsel Sydney +61 2 9210 6360
SCHNABELSarahwebsitegreySIZEDTH14.jpg

Sarah Schnabel

Special Counsel Sydney +61 2 9210 6148