After much consultation, the Attribution Managed Investment Trust (AMIT) regime will soon be passed into law and operate from 1 July 2016.

The AMIT regime is a significant move away from the current inflexible tax regime for funds. While it will provide more certainty for funds and their members and offer flexibility to create new types of investment opportunities, fund managers, trustees and REs will need to assess whether or not to enter, and when.

Implementation will require significant work that will need to deal with tax issues as well as legal and regulatory considerations, much of it before the 1 July 2016 start date.

This update will focus on the following issues:

  • Does your fund/s qualify for the AMIT regime?
  • What are the benefits and the risks of the regime – even if your fund qualifies should you elect into the AMIT regime and, if so, when?
  • Will trust deeds and IMs/PDSs need to be changed?
  • How does ASIC view the new regime and its impact for members?
  • What systems changes will need to be put in place?
  • Are there any new product opportunities?

This update will be held in Melbourne and Sydney.