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How did CCIVs get here?
How did CCIVs get here? It’s a two-decade journey! The UK has had the umbrella structure for 10 years now is the time for Australia to get a similar structure.
For the United Kingdom, like Australia, at that time “unit trusts” were the accepted investment vehicles. The UK government were requested to introduce a corporate investment structure. That is where Australia is heading now.
It has taken a while to get there.
- Corporate Collective Investment Vehicles were recommended by the 2009 Johnson Report. The report suggested a CCIV structure is needed to establish Australia as a financial centre
- Five years later it was further endorsed by a Board of Taxation report in 2015
- In the 2016-2017 Budget the Government committed to developing a corporate CCIV and a limited partnership CCIV.
From July the 1st 2022 in Australia, the CCIV became a legal investment structure.
Check out these links for more information.
[…] Protected and Incorporated Cell Companies are the genesis of the new Australian corporate form the CCIV. […]