Law Companion Ruling LRC 2023/D1
The Taxation Committee of the Business Law Section of the Law Council of Australia provided a submission to the Australian Taxation Office (ATO) in response to its Draft Law Companion Ruling LCR 2023/D1 concerning the tax treatment for Corporate Collective Investment Vehicles (CCIVs).
The effort which has gone into the preparation of the Draft Law Companion Ruling, and the accompanying documents relating to CCIVs, is greatly appreciated and is important for the regime to be a success. These are a significant step in promoting the development of the regime and the funds management industry in Australia, although there is still work to be done.
The Committee would encourage the ATO to continue to provide guidance on key issues.
Read full submission below.
Last Updated on 15/01/2024
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