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ARTICLE · 10 JUNE 2016

Budget changes: New collective investment vehicles (CIV)

Holley Nethercote
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If you are part of the venture capital and fintech start-up industry, these two new types of CIV might interest you.

AustraliaGovernment, Public Sector
David Court
David Court
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Excited about Australia's innovation future?

If you are part of the venture capital and fintech start-up industry, the introduction of two new types of collective investment vehicles (CIV) in the recently released federal budget might interest you. CIVs allow investors to pool their funds directly and have them managed by a fund manager. The most common type of CIV at present is the trust based management investment scheme (MIS).

Benefits of the new CIVs

The Government has announced plans to permit two new types of CIVs – a corporate vehicle introduced for income years starting on or after 1 July 2017, followed by a limited partnership which will be introduced on or after 1 July 2018.

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