Superannuation Funds And Pre-1999 Unit Trusts - It Is Not All Over.
In 1999, the Government amended the Superannuation Industry (Supervision) Act 1993 to limit investments by trustees of self-managed superannuation funds in related unit trusts. Investments made before 11 August 1999 were grandfathered, and a number of transitional exemptions were introduced to allow further investments up to 30...

Jersey Property Unit Trusts.
Introduction Jersey Property Unit Trusts ('JPUTs') have been used extensively as a vehicle to acquire and hold UK property. Whilst previously the key driver for this was the seeding relief exemption from UK Stamp Duty Land Tax ('SDLT'), which the Chancellor abolished in his 2006 Budget, there...

Federal Court Decision: A Blow To The Australian Funds Management Industry.
Investing directly offshore rather than indirectly through Australian Funds will provide a more favourable GST outcome The decision by the Federal Court in AXA Asia Pacific Holdings Limited v Commissioner limits the availability of input tax credits on acquisitions related to interests held in Australian funds which...

The revenue/capital debate in private equity structures.
Background In its 2007 – 2008 Compliance Program, the ATO identified a number of "potential revenue risks" in relation to private equity. Amongst other things, these included the treatment of distributions to investors in unit trusts or other private equity investment vehicles, and whether the characterisation of...

Setting Up Mutual Funds In The Cayman Islands And The BVI.
In this table we have concentrated on the most common form of vehicle and fund used in each jurisdiction. So for instance, whilst partnerships and unit trusts can be organised with ease in each country, the limited liability company is generally the most popular form of vehicle used. ...

Real Estate - Representative Transactions.
Offshore Real Estate Structures In recent years, Jersey and Guernsey have capitalised on the large scale growth in property funds and other property holding vehicles including property unit trusts. A significant number of Unit Trusts were established to hold UK real estate in the two years up...

Standard & Poor's Provides Corporate Actions Data Through FinDataPortal.
North American Dividends and Unit Investment Trust information now available for customized searches and downloading through online portal NEW YORK, Jan. 20 /PRNewswire/ -- Standard & Poor's, a leading provider of financial market intelligence and independent fixed-income evaluations and data, today announced that its North American Dividend...

An Overview Of Trusts In The BVI, Cayman, Guernsey, Jersey And New Zealand.
This client briefing provides a brief overview of trusts in The British Virgin Islands (BVI), Cayman, Guernsey, Jersey and New Zealand. For further information, please contact those listed in this briefing. The BVI The British Virgins Islands is a British Overseas Territory with a strong constitutional relationship...

Duty On Shares And Units - New Regime In Western Australia.
Parties looking to acquire an interest in a company or a unit trust owning land in Western Australia should consider whether duty will apply to the transaction. The Duties Act 2008 (Duties Act) came into effect on 1 July 2008 and replaced the Stamp Duties Act 1921...

Corporate And Commercial: Representative Transactions.
INFRASTRUCTURE Merger of KKR Business Ogier advised on the merger of the Euronext listed, Guernsey fund, KKR Private Equity Investors ("KPE"), with Kohlberg Kravis Roberts. The merged firm will be listed on the NYSE. The sale, which is conditional upon KPE unit holder and regulatory approvals, will...