Traditionally it has been perceived that a lack of familiarity
by foreign investors with the trust based structure of Australian
managed investment schemes has been a significant barrier to
attracting offshore investment in Australian funds.
To combat this, from 1 July 2022, funds managers will be able to
register Corporate Collective Investment Vehicles
(CCIVs) with ASIC.
Key Takeaways
- A CCIV is an alternative to a managed investment scheme.
- A CCIV will be able to offer multiple products (sub-funds) and
investment strategies within the same vehicle.
- A CCIV will need to have a corporate director, whose role is
comparable to that of a responsible entity for a managed investment
scheme.
