Tax Funds Management
Tax Funds Management
According to the Australian Bureau of Statistics, there are over $4 trillion of assets under management in Australia across the retail and wholesale fund spectrum. With a burgeoning market of “traditional” commingled managed investment trusts that pool funds from investors, there has also been a proliferation of exchanged traded funds and micro-investing apps, all designed to provide more choice of investment product to the retail or wholesale investor.
As the market grows, so does the competition to provide better investment outcomes, higher quality service and lower fees.
The tax obligations for asset managers in Australia have over the years become increasingly complex, with more demands placed on the asset manager to make sure that they have tax reporting systems in place to provide accurate income and tax data to investors as well as to the ATO. The introduction of the Attribution Managed Investment Trust regime in 2016 has served to increase the importance on ensuring accurate information is captured by asset managers to pass on to investors.
Our funds management tax team has decades of experience in the asset and wealth management space, working with some of the largest asset managers in the world.