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...
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