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The Government has released for public consultation the third tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 and related explanatory materials.
The CCIV is an investment vehicle with a corporate structure, with the additional consumer protection of a depositary for retail funds which is responsible for the oversight of crucial administrative functions undertaken by the fund. A single CCIV can offer multiple products and investment strategies within the same vehicle.
The Government previously released two tranches of the draft Bill for public consultation. Consultation on Tranche 1 was held from 13 June to 18 July 2018. Consultation on Tranche 2 was held from 19 July to 10 August 2018.
The tranche 3 exposure draft includes:
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