MFA Letter to Australian Treasury Requesting Legislative and Regulatory Relief Regarding Uncertainties in Australian Tax Law for Certain Foreign Investment Funds

MFA submits a letter to the Australian Treasury requesting they support legislative and regulatory relief to eliminate the uncertainties in the application of certain Australian tax laws as they apply to many foreign investment funds, including those managed by many MFA members. In the letter, MFA emphasized that these uncertainties potentially act as an ongoing impediment to foreign investment in Australian capital markets.