As a company, a CCIV will generally be subject to the ordinary company rules under the Corporations Act 2001 (Cth) unless otherwise specified.Ī new Chapter 8B will be added to the Corporations Act 2001 (Cth) outlining the establishment and regulatory requirements of CCIVs. The CCIV utilises a company structure limited by shares instead of a trust structure, so as to be more recognisable to international investors than the utilisation of a head trust. With the recent groundbreaking introduction of the variable capital company ( VCC) in Singapore, and events such as the Brisbane 2032 Olympics on the horizon, the CCIV has been introduced to grant Australia an internationally recognisable and lucrative investment vehicle for use by fund managers. This has arguably caused a number of missed investment opportunities for Australian funds. In the international funds sphere, it has been recognised for over a decade that Australia’s use of the MIS as the structuring model for funds is both unfamiliar and undesirable to foreign investors. ![]() The CCIV promises to act as a direct competitor to the classic managed investment scheme ( MIS) structure. ![]() The CCIV Bill establishes the corporate collective investment vehicle ( CCIV), a new type of company limited by shares and specifically designed for use in funds management. On 10 February 2022, after numerous rounds of feedback, the Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 (Cth) ( CCIV Bill), passed both Houses of Federal Parliament and came quietly into being – its impact on the Australian funds landscape will undoubtedly be anything but.
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