What is a CCIV?

What is a CCIV? The simple answer is it is a new corporate form. The letters CCIV stand for Corporate Collective Investment Vehicle. To define it fully in a sentence is not easy. That is why the following bullet points fully outline What a CCIV is. If a sentence had to be written I suggest … A CCIV is a new corporate form, limited by shares that is used for funds management, complete with ring-fenced sub-funds, that is more acceptable to foreign investors and it doesn’t need an AFSL because it has a Corporate Director that already holds one.

What is a CCIV?

• a new type of company
• it has the legal form of a company limited by shares
• has the powers, rights, duties, and characteristics of a company;
• limited by shares that is used for funds management
• is a new corporate form that is an alternative investment vehicle to managed investment schemes,
• introduced by the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022
• an investment vehicle with a corporate structure
• subject to the ordinary company rules under the Corporations Act.
• has a constitution and one sub-fund
• an umbrella vehicle that is comprised of one or more sub-funds and is operated by its single corporate director
• is a company that has a single corporate director, which must be a public company with an Australian financial services licence.

• is a long-awaited alternative to managed investment schemes (or MIS) for the Australian managed funds industry
• is a corporate form that familiarity of the ‘corporate’ fund structure to many foreign investors, will attract more offshore investment into Australian funds.  
• can also enter into contracts in their own right and deal with their own company shares without the requirement to hold an AFS licence