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Corporate Collective Investment Vehicles - Regulatory and Tax Frameworks

8 days left to have your say
Date
-
Consultation Type
Exposure Draft Legislation

Key Documents

The Government has released for public consultation legislation that implements the tax and regulatory components of the CCIV (corporate collective investment vehicle) regime and related explanatory materials.

A CCIV is an investment vehicle with a corporate structure similar to comparable vehicles overseas. A single CCIV can offer multiple products and investment strategies within the same vehicle.

The proposed new law includes:

  • the new Chapter 8B in the Corporations Act 2001 containing the core provisions outlining the establishment of CCIVs and their operational and regulatory requirements;
  • amendments to other legislation to support the implementation of CCIVs (such as amendments to the Australian Securities and Investments Commission Act 2001 and the Personal Property Securities Act 2009); and
  • the tax legislation, which ensures the tax treatment of CCIVs aligns with the existing treatment of attribution managed investment trusts, providing investors with the benefits of flow-through taxation.

Responding

You can submit responses to this consultation up until 24 September 2021. Interested parties are invited to comment on this consultation.

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.

How To Respond

Email

CIVreform@treasury.gov.au

Post

Address written submissions to:

Market Conduct Division
Treasury
Langton Cres
Parkes ACT 2600

Enquiries

Email: CIVreform@treasury.gov.au
Phone: Lachlan Alvey +61 2 6263 3663