The Australian Securities & Investments Commission (ASIC) published a statement confirming it has commenced a preliminary investigation into the Clime Australian Income Fund, focusing on whether the fund’s target market determination and product disclosure statement comply with the law and whether there have been breaches of the law relating to the fund’s investments. Clime Asset Management Pty Limited, as the investment manager of the fund, is a subject of the investigation, while Clime Capital Limited and Clime Investment Management Limited are not. ASIC noted the investigation is at an early stage and the scope may change, and reiterated that confirming an investigation does not imply a contravention or that proceedings will follow.
Australian Securities & Investments Commission 2025-10-30
Australian Securities & Investments Commission opens preliminary investigation into Clime Australian Income Fund disclosures and investment compliance
The Australian Securities & Investments Commission (ASIC) has begun a preliminary investigation into the Clime Australian Income Fund to assess compliance with legal requirements for its target market determination and product disclosure statement. Clime Asset Management Pty Limited is under investigation, while Clime Capital Limited and Clime Investment Management Limited are not involved. ASIC emphasized that the investigation is in its early stages and does not imply any legal breaches or forthcoming proceedings.