The Property Council welcomes the Government's commitment to clarify the enhanced Managed Investment Trust (MIT) rules.
The Property Council has long supported the Government's initiative to promote Australia as a destination of choice for the world's investment capital.
"The Government has taken another decisive step forward to forge a world class MIT regime," says Property Council Chief Executive, Peter Verwer.
"This will bolster investor confidence at a challenging time for global markets."
"We congratulate Government for its determination to help transform Australia into a regional funds management hub."
"The MIT reforms will attract and retain a bigger slice of the world's investment wealth."
"The enhancements and clarifications should secure continued growth of foreign investment capital flows into Australian MITs."
For more information:
- Roberto Fitzgerald - Executive Director, International & Capital Markets - 0411 549 248
- Andrew Mihno - Deputy Executive Director, International & Capital Markets - 0406 454 549
Download a copy of the press release here.