Regulatory change to entice offshore funds
Friday, January 15, 2010 : PermalinkFINANCIAL services professionals will have a say in regulatory changes designed to make Australia more attractive to foreign funds managers under proposals outlined today.
The Australian Financial Centre Forum found today that although Australia’s funds management industry is one of the most sophisticated in the world because of the superannuation system, uncertainty over tax treatment and outmoded tax rules meant that there were almost no overseas funds run out of Australia.
