Tag:Australian Government

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Australia: A Proxy Advice Regulation Rollercoaster
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Australia: A (new) Reason to Invest in Aussie Funds

Australia: A Proxy Advice Regulation Rollercoaster

Feb 16 2022
Browse archives for February 16, 2022
Posted in

Global Regulatory Development, Institutional Investors

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By: Jim Bulling and Phoebe Naylor

Controversial regulations seeking to govern the provision of proxy advice services were introduced by the Government in late December 2021. The Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021 (the Regulations) introduced a definition of “proxy advice” and prescribed it as a financial service. In summary, proxy advice was defined as an offer of voting recommendations to specified entities, in relation to the exercise of their voting rights attached to securities or interests.

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Australia: A (new) Reason to Invest in Aussie Funds

Feb 11 2022
Browse archives for February 11, 2022
Posted in

FinTech & Digital Currencies, Global Regulatory Development, Institutional Investors, Investment Manager Regulation, Pensions and Retirement Funds, Retail Investor Funds, Sophisticated Investor Funds, Tax

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By: Jim Bulling and Cathy Ma

Legislation Passes Parliament

The Australian Federal Government passed the long-awaited Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 on 10 February 2022. The new regulatory and tax framework for Corporate Collective Investment Vehicles (CCIV) will commence on 1 July 2022.

This reform is a welcome step forward for the Australian funds management industry and is aimed at increasing the competitiveness and familiarity of Australian investment offerings to offshore investors.

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