A key policy objective of the recently introduced corporate
collective investment vehicle (CCIV) framework is increasing the
competitiveness of Australia's managed funds industry
internationally to attract offshore investment. Most (but not all)
of our clients that raise foreign capital have experienced
challenges in 'selling' the managed investment scheme (MIS)
trust structure.
Partner Elliott Stumm says if you do, or may, seek to attract
foreign capital, then you should think about using the CCIV which
was developed to make raising foreign money easier.
BUSTING THE MYTH- INTERNATIONAL RECOGNISABILITY
However, 'international recognisability' being a key
benefit of the CCIV has led to people thinking it is a vehicle only
worth considering if you have or are looking to attract offshore
investors. We are often asked, 'Why would I use the CCIV when I
only have Australian investors?'.
