Australia: Consultation on draft law companion ruling on corporate collective investment vehicle regime
The ATO released for consultation a draft law companion ruling on corporate collective investment vehicle regime
Consultation on draft law companion ruling on CCIV regime
The Australian Taxation Office (ATO) released for consultation a draft law companion ruling (LCR 2023/D1) on the corporate collective investment vehicle (CCIV) regime.
The consultation is open until 15 December 2023. The draft guidance:
- Outlines the operation of the CCIV regime
- Explains the deeming principle and its effect on the tax treatment of a CCIV, a CCIV sub-fund trust and its investors
- Provides views on specific tax interpretative issues
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