Australia: Fund Management/ REITs

Obtaining certainty of being classified as a ‘fixed trust’ is now more important than ever for fund managers as the trustees of most non-fixed trusts are proposed to be subject to a 30% minimum tax from 1 July 2028.

The sustained growth of fund financing in private credit is strengthening the relationship between banks and private credit participants as the market continues to scale.

ASIC is set to increase the net tangible assets requirements for responsible entities of registered managed investment schemes, IDPS operators, and corporate directors of retail CCIVs, with changes taking effect from 1 July 2027. The updated thresholds will reflect inflation adjustments since 2013 and will be indexed annually going forward. Entities impacted by these regulatory changes will need to ensure compliance with the new minimum financial requirements before the implementation date.

ASIC releases updated Regulatory Guide 181 AFS licensing: Managing conflicts of interest...

The recommendations included in ASIC's reviews of are relevant to all Australian Financial Services Licensees.

Over the past year, one truth has become unmistakably clear for the banking industry: managing complexity is not a transient state; it is simply the air the modern bank must breathe.

As we have now said goodbye to FY25, we look back on some of the more significant regulatory developments that fund managers can't afford to ignore.

Issuing a financial product is a financial service and, therefore, would seem to require the issuer to hold an AFSL.

Australia is home to a sophisticated financial services sector with global reach and a well-developed arbitration framework.