Hey, nice planet - I think we'll buy it
Investors sick of the same old, same old from desperate Gold Coast property developers with white shoes should take heart with an inno-vative scheme.
Investors sick of the same old, same old from desperate Gold Coast property developers with white shoes should take heart with an inno-vative scheme.
Select investors have been offered the opportunity to snap up their own bit of paradise for prices which are literally out of this world. Yes for 10 measly bucks, punters can pick up their own pocket of planet Mars.
Surely, this is an opportunity to get in on the ground floor. Okay, no-one (bar Arnold Schwarzenegger) has visited our red neighbour, it must only be a matter of time before interplanetry travel is as com-mon as a stroll to the corner shops. Think of the resort potential - balmy one day....
The investment scheme, picked up through ASIC's new Gull Award scheme, is distributed by email and offers cash-only land packages of between 100 and 10,000 hectares on Mars. For as little as $10, the Mars Land Authority, based in Dandenong, Victoria will send you a deed certificate outlining the lot boundaries which could include the picturesque Mountain View region or the less attractive Polar region.
A Sydney man, Mike Miller, blew the golden opportunity by reporting the scheme to the investment cops who are making noises about closing it down. Amazing what some people will do for a $50 cheque from ASIC.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
