Business Introduction Services – Relief for Managed Investment Schemes

ASIC has further extended the relief for business introduction services for registered managed investment schemes until 1 April 2025. This relief targets managed investment schemes which have less than 20 members and are seeking to raise funds of up to $5 million.

What are business introduction services and its relief?

Business introduction services are services that enable information sharing between potential investors, issuers and sellers of products through various channels including meetings and publications such as brochures and bulletins.

Without the relief, the Corporations Act imposes onerous obligations on providers of business introduction services when they advertise investment opportunities to potential investors. This includes the requirement to provide a disclosure document except where the investor is qualified as a sophisticated investor or professional investor under the Corporations Act.