The Government is seeking stakeholder views on the exposure draft of the Corporations Amendment (Stamping Fee Exemption) Regulations 2020. These Regulations extend the ban on conflicted remuneration to stamping fees paid in respect of listed investment companies and trusts (LICs and LITs). Specifically, the Regulations amend the Corporations Regulations 2001 to remove the exemption from the prohibition on paying and receiving conflicted remuneration for stamping fees paid in respect of LICs and LITs. The stamping fee exemption is retained for trading companies, real estate investment trusts and listed infrastructure entities.
Treasury is now seeking views on the Regulations. Submissions should be sent to StampingFeeTeam@treasury.gov.au.