Update: Tax changes

Changes to the tax and regulatory rules will create two new forms of investment vehicle:

·         a corporate collective investment vehicle (CIV) from 1 July 2017; and

·         a limited partnership collective investment vehicle from 1 July 2018.

These vehicles are internationally recognised and easy to use structures that will make managed funds based in Australia a more attractive place for foreigners to invest.

Creating these new structures will encourage foreign investment as well as the export of funds management services from Australia.

Australian exports represent less than 4 per cent of funds under management, highlighting a significant potential export growth industry.

At G&B Lawyers, we can advise you on your existing investment vehicles and how to plan ahead.

Responsible entities and trustees will need to consider if it is appropriate to transition across to these new vehicles from their respective commencement dates.

We can also assist you in the establishment of these new investment vehicles.

Contact Nathan Buckley, Partner at G&B Lawyers on M: 0411 067 367 or E: nbuckley@gandblawyers.com.au