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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Putting out the welcome mat to foreign pension and sovereign wealth funds - MIT withholding tax changes

Posted on 27 February 2013

In keeping with its goal of encouraging more foreign investment into Australia, the Federal Government will change existing laws to ensure foreign pension and sovereign wealth funds can access the Managed Investment Trust (MIT) withholding tax regime.
In summary, the regime allows a MIT to make payments to non-residents at concessional withholding tax rates, offering an attractive Australian investment option for foreign funds where they and their members are ultimately based overseas…………………………………..Full Article: Source


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