G&F / IFSA Managed Investment Trusts Review seminar material

Australia’s managed funds industry is an important and dynamic part of Australia’s economy and one of the largest in the world. In order for the Australian managed funds industry to be able to continue to grow and develop its export potential, it is important that Australia’s tax arrangements do not create unnecessary or unintended barriers to investment in Australian managed funds.  As you may know, the Board of Taxation released its discussion paper on the Review of the tax arrangements applying to managed investment trusts.

Greenwoods & Freehills (G&F) and the Investment & Financial Services Association (IFSA) recently held breakfast seminars in Sydney or Melbourne discussing the opportunity to review the tax arrangements applying to managed investment trusts and assessing options for introducing a specific tax regime that would reduce complexity, increase certainty and minimise compliance costs.

Our guest speakers gave an insight into the background of the review and the Board of Taxation’s policies, and facilitated an interactive discussion about the shape these arrangements should take.  For those that couldn’t make it on the day, presentation material is attached and details on the speakers follow:

SYDNEY:

Monday, 10 November

·                     Michael Brown, General Manager - Taxation, Perpetual;

·                     Andrew Mills, Managing Director, Greenwoods & Freehills; and

·                     Prof. Richard Vann, Consultant, Greenwoods & Freehills.

MELBOURNE:

Tuesday, 11 November

·                     Bruce Hunter, Vice President – Product Development, BlackRock;

·                     Adrian O’Shannessy, Director, Greenwoods & Freehills; and

·                     Prof. Richard Vann, Consultant, Greenwoods & Freehills.