The Australian Investment Council Government and Regulatory Affairs Update - September 2018

Highlights:

The Australian Investment Council is continuing to work closely with the LP community to respond to the complexity of
ASIC’s proposed fee disclosure regime.

• In response to proposed changes to the definition of Significant Global Entity, which could
  have tax implications for PE funds, AIC's submission to Treasury advocated for the
  exclusion of PE funds and other investment entities.
• AIC represented the industry at the Impediments to Business Investment Parliamentary
  Inquiry in Sydney.
• AIC joined with other groups to successfully argue for membership bodies to be exempted
  from the new Foreign Influence Transparency legislation.
  
  The full update can be read here. (Members only)