Corporate Collective Investment Vehicle (CCIV) focus group – 9 August 2022

Original Published Date
Tax Category
Tax preparation
Resource Type
Consultative groups

The Corporate Collective Investment Vehicle (CCIV) focus group meeting was held via Webinar on 9 August 2022.

At this meeting, discussion points were:

CCIV Overview

An overview of the new company type known as a CCIV was provided.

A discussion with the group followed the overview with the following key points highlighted:

  • DSPs questioned the need for the additional disclosure regarding AMIT eligibility.
  • Consideration needs to be given to the scenario where a trust return that needs to be lodged by paper also needs to submit an AMIT schedule, which can only be lodged electronically.

Technical solution considerations

There was a broad discussion on whether to include the CCIV labels in the current AMIT return, or whether to build a new bespoke service for CCIV.

Group discussion

Business has confirmed that CCIVs and sub funds can have a substituted accounting period (SAP).

Members will receive a walkthrough of the draft Message Structure Table (MST), possibly along with a comparison to attribution managed investment trusts (AMITs).

Digital software providers (DSPs) expressed their interest in obtaining an early draft Business Implementation Guide (BIG), and mock-up data fields with ELS tags.

Key outcomes are available in Online services for DSPs.

No previous versions available.

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