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Results: 1-9 of 9

Further progress with investment manager regime

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • March 20 2012

On 7 March 2012 the Federal Government released a second exposure draft of legislation implementing the first and second elements of the Investment Manager Regime (IMR

Investment manager regime draft legislation released

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • September 8 2011

FIN 48 created a headache both for the offshore funds industry and the Australian Government as it saw many overseas investment funds shy away from Australian investments and the use of Australian investment intermediaries due to uncertainties in the application of Australia’s tax laws

Foreign accumulation fund rules more revealed

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • March 9 2011

In February 2011 the Assistant Treasurer released a further exposure draft of the foreign accumulation fund (FAF) rules

Discussion paper on Australian tax treatment of Islamic finance

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • October 28 2010

Australia's Board of Taxation released a Discussion Paper on 13 October 2010 as a first step in its Review of the Taxation Treatment of Islamic Finance Products

Managed Investment Trust reforms discussion paper released

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • October 26 2010

In May this year the Government, in responding to the Board of Taxation Review of the Tax Arrangements applying to Managed Investment Trusts (MITs) proposed a number of significant changes to the taxation of MITs (see our Legal Update of 13 May 2010

Managed investment trust reforms now law

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • August 3 2010

We have previously reported on the various proposals concerning reform of the tax treatment of Managed Investment Trusts (MIT

Major tax changes for managed investment trusts

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • May 17 2010

On 7 May 2010 the Government released the Board of Taxation's Review of the Tax Arrangements Applying to Managed Investment Trusts (MITs) and its response to that Review

Proposals to enable more trusts to attract foreign investment through reduced withholding tax

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • May 10 2010

Legislation allowing eligible managed investment trusts (MITs) to elect to have gains from certain eligible assets treated on capital, rather than revenue account, was introduced into Parliament on 16 April 20101

Reforms allowing funds to treat gains on capital account draft legislation released

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • January 27 2010

The question of whether a taxpayer's gains are on capital account or on revenue account has attracted much publicity in the context of Texas Pacific Group's (TPG) disposal of its investment in Myer