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Funds Management

According to the Australian Bureau of Statistics, there are over $4 trillion of assets under management in Australia across the retail and wholesale fund spectrum.  With a burgeoning market of “traditional” commingled managed investment trusts that pool funds from investors, there has also been a proliferation of exchanged traded funds and micro-investing apps, all designed to provide more choice of investment product to the retail or wholesale investor.

As the market grows, so does the competition to provide better investment outcomes, higher quality service and lower fees.

The tax obligations for asset managers in Australia have over the years become increasingly complex, with more demands placed on the asset manager to make sure that they have tax reporting systems in place to provide accurate income and tax data to investors as well as to the ATO.   The introduction of the Attribution Managed Investment Trust regime in 2016 has served to increase the importance on ensuring accurate information is captured by asset managers to pass on to investors.

Our funds management tax team has decades of experience in the asset and wealth management space, working with some of the largest asset managers in the world.

Distribution statements

Assistance with the preparation, review and/or sign off of year end distributions and investor tax statements

Tax compliance

Assistance with compliance of a fund’s tax reporting obligations, both from an income tax and indirect tax perspective, including tax return, business activity statement and AIIR preparation and lodgment.

International expansion

Assistance with expansion into international markets and helping you to understand local tax requirements and any withholding taxes.

Assets and products

Assistance with understanding the tax implications of underlying products within the managed fund.

FATCA and CRS

Assistance with FATCA and CRS compliance, including documentation, processes and reviews.

Distribution statements

Assistance with the preparation, review and/or sign off of year end distributions and investor tax statements

Tax compliance

Assistance with compliance of a fund’s tax reporting obligations, both from an income tax and indirect tax perspective, including tax return, business activity statement and AIIR preparation and lodgment.

International expansion

Assistance with expansion into international markets and helping you to understand local tax requirements and any withholding taxes.

Assets and products

Assistance with understanding the tax implications of underlying products within the managed fund.

FATCA and CRS

Assistance with FATCA and CRS compliance, including documentation, processes and reviews.

Mark Oh

mark.oh@nuwaru.com

+61 455 408 308

Peter Chiswell

peter.chiswell@nuwaru.com

+61 425 220 379