Investment Manager Regime: boosting foreign investment in Australia
23 July 2015
Australia's fund (including hedge fund) market is set to grow, as the final element of the Investment Manager Regime (IMR 3) received Royal Assent on 24 June 2015. The IMR 3 provides tax concessions to foreign entities (such as foreign hedge funds investment in Australia and foreign hedge funds which invest through independent Australian fund managers), thereby making Australia an attractive market in which to invest and opening the Australian market to the global funds industry.