The property industry helps underpin the retirement savings and economic prosperity of Australia with one in every two Australian’s having a direct stake in commercial property through superannuation and managed funds.
The Property Council welcomes the Government’s decision to implement a Board of Taxation review of the tax regime applying to managed investment trusts.
We strongly support Government’s commitment to expand the managed funds sector domestically and internationally and make Australia an internationally competitive funds management hub for the Asia Pacific region. We see improved tax laws as a key factor to achieving this goal.
