Consultation on Asia Region Funds Passport and Corporate Collective Investment Vehicle taxation bills

The Government is seeking public comment on draft legislation for the Asia Region Funds Passport (Passport) and on the tax treatment of Corporate Collective Investment Vehicles (CCIVs).  The Minister for Revenue and Financial Services stated the Passport will allow Australian funds managers to offer their products into Asia without having to go through duplicative approval processes in each economy.

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Source: The Commonwealth of Australia