DLA Piper Australia

The Australian government released draft legislation on January 17 2019, outlining the tax and regulatory components of the corporate collective investment vehicle (CCIV) regime, which is intended to make Australia more attractive and competitive in the funds management industry.

In recent months, there have been several important tax developments driven by the Australian Taxation Office (ATO) that are relevant to inbound distributors, multinationals and foreign-incorporated companies.

In recent weeks, we have seen important Australian tax developments that are relevant to multinationals and inbound investments. With many initiatives taking effect as early as January 1 2019, multinationals should consider the potential impact on their inbound and outbound Australian investments.