House of Representatives

Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021

Corporate Collective Investment Vehicle Framework and Other Measures Act 2022

Explanatory Memorandum

(Circulated by authority of the Assistant Treasurer, Minister for Housing and Minister for Homelessness, Social and Community Housing, the Hon Michael Sukkar MP)

Glossary

This Explanatory Memorandum uses the following abbreviations and acronyms.

Abbreviation Definition
ABN Australian business number
ACN Australian Company Number
AFSL Australian financial services licence
AMIT Attribution managed investment trust
APRA Australian Prudential Regulation Authority
ARFN Australian registered fund number
ARFP Asia Region Funds Passport
ARFP Act Corporations Amendment (Asia Region Funds Passport) Act 2018
ASIC Australian Securities and Investments Commission
ASIC Act Australian Securities and Investments Commission Act 2001
ATO Australian Taxation Office
Bill Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021
CCIV Corporate collective investment vehicle

A reference to 'CCIV' in this explanatory memorandum is a reference to both retail and wholesale CCIVs unless otherwise specified
CGT Capital gains tax
Commissioner Commissioner of Taxation
Corporations Act Corporations Act 2001
Criminal Code Schedule to the Criminal Code Act 1995
ESS Employee share scheme
GST Goods and services tax
GST Act A New Tax System (Goods and Services Tax) Act 1999
Guide to Framing Commonwealth Offences Attorney-General's Department, A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, January 2013
ICCPR International Covenant on Civil and Political Rights
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
MIS Managed investment scheme
MIT Managed investment trust
OEIC A company that is an Open-Ended Investment Company regulated under legislation of the United Kingdom
PDS Product disclosure statement
PPSA Personal Property Securities Act 2009
RSE Registrable superannuation entity
SIS Act Superannuation Industry (Supervision) Act 1993
TAA 1953 Taxation Administration Act 1953
TFN Tax file number
UCITS Directive on Undertakings for Collective Investment in Transferable Securities (a harmonised regulatory framework adopted by the European Union)

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).