5 May 2016
Update: Key Events in Financial Services and Funds
The legal alert discusses the latest news in the Financial Services & Funds space namely:
- a new breed of Australian Fund (the Attribution Managed Investment Trust or AMIT) has been developed which is going to shake up the Australian funds management sector;
- Australia signed Memorandum of Cooperation on the Asia Region Funds Passport to facilitate cross-border investment in the funds management sector; and
- the Financial System Legislation Amendment (Resilience and Collateral Protection) Bill was passed yesterday by the Australian Parliament.