The Australian Securities & Investments Commission has replaced six managed investment scheme relief instruments that were due to expire on Oct. 1, 2026, with five new instruments. The relief covers serviced apartment and property rental schemes, charitable investment fundraising, school enrolment deposits, horse schemes and responsible entities implementing the attribution managed investment trust tax system. The two previous instruments for serviced apartment and property rental schemes have been consolidated. The instruments provide conditional relief from requirements including managed investment scheme registration, licensing, disclosure, hawking and debenture provisions, with the applicable relief varying by scheme type. The remaking follows a May consultation that received 19 submissions, most of which addressed relief for horse racing syndicates. ASIC will update its related regulatory guides on charitable schemes and school deposits, horse schemes, and strata and management rights schemes in the coming months.
2026-09-28Australian Securities & Investments Commission
Australian Securities & Investments Commission remakes six managed investment scheme relief instruments, consolidating them into five
The Australian Securities & Investments Commission has replaced six expiring managed investment scheme relief instruments with five new instruments, consolidating the previous serviced apartment and property rental measures. The relief covers property schemes, charitable fundraising, school deposits, horse schemes and attribution managed investment trusts, while related regulatory guidance will be updated in the coming months.