Sat, Jul 11, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Repeal of Australian tax penalties for offshore investments presents asset raising opportunity

Friday, March 26, 2010

From Kirsten Bischoff, Opalesque New York:

For fund managers outside Australia, the country holds a significant and largely untapped pool of potential assets. In the Opalesque Roundtable (Australia), we learn a minimum of 9% of each citizen’s salary is required to be invested into a registered superannuation (pension) fund, a requirement that continues to fuel the $1.2tln pension asset base that is currently the world’s fifth largest, and rapidly increasing.

“From our perspective, we evaluate Aussie hedge funds against global funds,” says Bruce Tomlinson, portfolio manager at $15bn Sunsuper pension fund (which invests 30% of its assets into alternatives). While the fund evaluates local funds via its own due diligence teams, for offshore funds Sunsuper, like many of the other superannuation funds tends to use consultants for investment referrals.

Additionally, the Australian Parliament is considering legislation that will ease tax penalties (Foreign Investment Fund –FIF rules) on Australian investors who invest into foreign funds. Larry Simon, principal and cofounder of regulatory and compliance consultancy The Lazorne Group explained during the Roundtable that presently Australian investors pay tax on unrealized gains for investments into foreign hedge funds.

“The government has stated that they would like Australians not to be disadvantaged by investing in offshore v......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m