The Australian Taxation Office opened a consultation Jan. 17 on two new bills for governing how corporate collective investment vehicles are taxed and regulated.

  • CCIVs, launched in 2018, are a new type of passive fund structure that aim to help fund managers sell products to foreign investors familiar with other collective investment vehicles, like the EU’s UCITS model
  • Funds can hold a collection of different securities and sub-funds and are passively managed—they attempt to generate a return that is the same as the chosen index instead of outperforming it
  • Rules suggest that CCIVs be taxed like managed investment...