Treasury has finally released the long-awaited consultation paper for the review of the regulatory framework governing managed investment schemes (MISs). The consultation paper reveals some critical questions which, if reform flows from them, will materially impact all industry stakeholders.
In the October 2022-2023 budget, the Government announced it would ask Treasury to conduct a review of the MIS regulatory framework. Details of what the review would consider were announced in March 2023.
There has not been a comprehensive review of the regulatory framework for some years.
Some critical questions for industry stakeholders include:
Responses to Treasury’s consultation paper can be submitted up until 29 September 2023.
McMahon Clarke is making a submission and our Funds Management team can assist with your queries about what the outcome of these questions might mean for you.