Treasury is undertaking a four week targeted public consultation on the merits of the current stamping fee exemption in relation to listed investment entities. Listed investment entities comprise listed investment companies and trusts, including real estate investment trusts.
Stamping fees are an upfront one-off commission paid to financial services licensees for their role in capital raisings associated with the initial public offerings of shares.
Public consultation will allow the Government to make an informed decision on whether to retain, remove or modify the stamping fee exemption.
Guidance for submissions
Treasury is seeking information on current industry practices and trends, and evidence on how the current listed investment entities exemption operates within the context of:
- the quality of advice received by retail investors from stockbrokers and financial advisers, and, any subsequent impacts on investor outcomes;
- capital markets and industry participants, including their efficiency and competitive dynamics both locally and overseas; and
- the broader economy.
Treasury is also seeking information on the consequences of modifying or removing the stamping fee exemption if the Government chose to do so.
You can submit responses to this consultation up until 20 February 2020. Interested parties are invited to comment on this consultation. Submissions should be limited to ten pages or less.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.