This report was produced by the Corporations and Markets Advisory Committee. View further information about the Committee and it's other publications.
This report sets out and explains the way in which the law should regulate 'collective investment schemes'. These schemes include unit trusts (such as cash management trusts, equity trusts and property trust), 'enterprise schemes', where an asset such as a farm, time share flat or a racehorse is managed for fun or for profit for several investors and other similar schemes. This report was commissioned by the federal Government and is the first full review ever undertaken of the law governing these schemes. It as written after a long process of public and industry consultation, and in the light of well over 100 written and oral submissions.