The Managed Investments Act 1998 (MIA) commenced on 1 July 1998, and introduced a new Chapter 5C into the Corporations Act 2001 (formerly known as the Corporations Law) governing the regulation of managed investment schemes.
Section 3 of the MIA requires that a review of the MIA be undertaken as soon as possible after the third anniversary of its commencement.
The Minister for Financial Services and Regulation, the Hon Joe Hockey MP, has appointed Mr Malcolm Turnbull to undertake this review.