Published responses
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Overview
The Government has released for public consultation the first tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 and explanatory materials.
The Corporate Collective Investment Vehicle (CCIV) will offer an internationally recognisable investment vehicle which can be readily marketed to foreign investors, including through the Asia Region Funds Passport.
The Government previously consulted on the draft Bill from 25 August to 25 September 2017.
The exposure draft includes revisions from the September consultation:
- A revised draft of the new chapter containing the core provisions establishing how the CCIV and its sub-funds will operate
- Amendments to apply Chapters 2A to 2P of the Corporations Act (such as the meetings rules and members’ rights and remedies) to CCIVs
- An outline in the explanatory materials of the proposed legislative approach to depositary independence.
The second tranche of consultations will cover the remaining substantive aspects of the regulatory framework for CCIVs, including external administration, consequential amendments to apply the Chapter 7 financial services regime to CCIVs, and penalty provisions.
Related
- Exposure Draft (Word) 481.0 KB (Microsoft Word Document)
- Exposure Draft (PDF) 1002.9 KB (PDF document)
- Explanatory Materials (Word) 600.1 KB (Office Word 2007 XML document)
- Explanatory Materials (PDF) 1.8 MB (PDF document)
- Consultation cover note (Word) 146.2 KB (Office Word 2007 XML document)
- Consultation cover note (PDF) 490.6 KB (PDF document)
