An important reform to financial services, Corporate Collective Investment Vehicle (or CCIV) came into operation on 1 July this year. The CCIV will provide, for the first time, an Australian investment vehicle that combines the corporate legal framework of a company with flow-through tax treatment.

The FSC works closely with the Australian Taxation Office (ATO) on many issues of importance to members.

The FSC has committed to a joint submission to the Quality of Advice Review between 11 advice associations that is aligned to the FSC’s policy positions.

The FSC recently published its submission to the Quality of Advice Review that importantly included a response to Treasury’s evaluation of the Life Insurance Framework (LIF).

The FSC continues work on updating the FSC investment management agreement (IMA).

Welcome to Issue 64 of the FSC Policy Update.