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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. Read more

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

The Parliament resumed for its first sitting week and to begin work on the new Government’s ambitious reform agenda. Spanning climate change, industrial relations, aged and health care and the economy, the Government will not be short of challenges to manage over coming months. Read more

Now that the Government has determined its key Ministerial appointments and gets underway with implementing its legislative agenda, it’s timely to briefly examine the three key areas of Government focus over the next year when it comes to superannuation. Read more

The Financial Services Council (FSC) welcomes the Government’s decision to pause the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months, and to review the YFYS laws. Read more

ASIC released new and updated guidance for corporate collective investment vehicles (CCIVs) on 23 June. The requirements come into effect on 1 July 2022, when the CCIVs regime commences.  Read more