The Albanese Government is addressing gaps in the regulation of managed investment schemes (MISs) in order to better protect investors.
MISs play an important role in Australia's financial system, helping Australians invest for their futures and supporting investment across the economy. The sector now comprises thousands of schemes and around $3 trillion invested in registered and unregistered MISs.
High‑quality and timely data is critical to ensuring regulators can identify emerging risks, support investor confidence and help maintain the integrity of Australia's financial markets. The consultation paper seeks feedback on proposals to address data gaps that have emerged as the sector has grown and evolved.
The consultation will look at improving MIS data collections and the paper outlines three broad proposals for consultation:
- enhancing the information collected when a MIS is registered;
- introducing a recurring data collection for registered MISs; and
- improving visibility of the unregistered MIS sector which are not subject to the same level of data collection.
This consultation is focused on addressing immediate and demonstrated data gaps that limit regulatory visibility, with a view to supporting more effective supervision and reducing the risk of consumer harm.
The consultation also seeks views on opportunities to rationalise existing collections and reduce compliance burden over time.
The consultation builds on the Government's 2026-27 Budget investment of $10.3m in ASIC's data capabilities and reflects the importance of ensuring regulators have access to fit‑for‑purpose information to support effective oversight.
The Government is seeking stakeholder feedback on the costs, benefits and implementation considerations associated with each proposal.
Stakeholders are encouraged to make submissions and help shape a modern, proportionate and efficient framework for MIS data collection.
The consultation paper is available on the Treasury website and submissions close on 23 October.
