Corporations Amendment (Asia Region Funds Passport) Regulations 2018 (F2018L01144)

Schedule 1   Amendments to the Corporations Regulations 2001

Corporations Regulations 2001

106   Subclause 204(7) of Schedule 10

Repeal the subclause, substitute:

(7) A cost or amount paid or payable must include (if applicable):

(a) for each collective investment product:

(i) GST, after being reduced by any reduced input tax credits; and

(ii) stamp duty; and

(b) for each collective investment product offered by an Australian passport fund or a notified foreign passport fund:

(i) any indirect taxes equivalent to GST that are payable in another jurisdiction, after being reduced by any applicable tax credits that are available in that jurisdiction; and

(ii) any duties equivalent to stamp duty that are payable in another jurisdiction.