An article published in the Financial Standard reports that MSC Trustees has received the authorisation to operate a retail and a wholesale CCIV. MSC Trustees are a professional trustee firm and it is reported that they are the first to be approved to operate CCIVs. You can read more about them and their new license […]
An article in the Australian Financial Review finishes with the words … “In time, the new regime could prove to be a trust killer”. This seems to be the general feeling but many people have written that the CCIV will be a slow burn until financial advisors and platforms are fully conversant with the new […]
Voluntary Deregistration of a Sub-fund Today ASIC added a new form for the sub-fund of a CCIV. Form 5210. The purpose of this form is for the voluntary deregistration of a sub-fund that is attached to a particular CCIV. To deregister a sub-fund from a CCIV, it must not have any assets or liabilities, and […]
For fund services wanting to have a CCIV retail authority, they are required to have at least 50% of their Board of Directors as independents. To achieve this, they are appointing Directors for CCIV authority. One example is MSC Trustees. In this news item, they detail the steps they are taking to get their CCIV […]
The fairly complex area of tokenising securities, shares and stocks is made a bit more understandable in this CCIV and Tokenisation article by Paul Niederer. You can find the article here! There is also another interesting diagram that shows the related parties and platforms between the regulator and the blockchain. Go here to learn more […]
Gilbers and Tobin have published an International Comparative Legal Guide – Fintech 2022. In it, they make reference to the CCIV and Asian Funds Passport. You can read the report here! The Australian Treasury has created a new type of Australian investment vehicle. This Corporate Collective Investment Vehicle (CCIV) will allow both Foreign and Australian […]
In the last Australian budget it was made very clear that the CCIV was pushed strongly by Treasury to increase the level of foreign investment in the Australian Funds Management industry. A new CCIV article reflects on that argument.
New CCIV Tax Video! In a short 6-minute presentation Paul Niederer outlines the known taxation situation with CCIVs or the new Australian Corporate Collective Investment Vehicle. After a general overview, 6 points are covered. Alignment with existing AMIT tax regime A Sub-fund is deemed to be a unit-trust A CCIV is not required to be […]