Australian Treasury
Today, the Government has released a consultation paper examining the regulatory framework for managed investment schemes to ensure it remains fit‑for‑purpose and effectively protects investors from unnecessary financial risk.
The paper seeks feedback on a number of issues, including whether:
- the wholesale client thresholds remain appropriate,
- the governance and compliance frameworks promote the effective operation of schemes,
- the regulation of schemes with real property is appropriate, and
- the rights of investors are adequately protected.
The Government is also seeking views on opportunities to reduce regulatory burden without detracting from consumer outcomes. We welcome submissions from all interested parties.
The Albanese Government is continuing to strengthen regulatory settings in the financial services sector.
Consultation is now open and submissions close on 29 September 2023.
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