Fund Product, Company, and Regulatory Updates as at 7 June 2016

Product Updates

Elston and Superfund Partners Launch SMSF App
Elston and Superfund Partners have launched an automated self-managed superannuation fund (SMSF) app, Superstash. The app shows users their portfolio, its performance, and enables changes to be made any time. The app is now in beta for iOS and Android, with a launch date set for later this year. The paperwork and red tape is done by Elston and Superfund Partners, and a few weeks later, the app is functional with the balance transferred to Elston. Up to four people can be members.


TMK Index Limited AFSL Cancelled
The Australian financial services licence of TMK Index Limited (AFS 314823) (formerly Fish Capital Securities Ltd) for a failure to comply with some key obligations including account lodgements, breach notifications, meeting Net Tangible Asset requirements, and maintaining adequate, competent staffing arrangements. 

ASIC Launches Corporate Governance Resource
ASIC has updated and enhanced its corporate governance content on its website to help company officers to understand their obligations and improve practices.