Published on 15 Apr 99
by QUEENSLAND DIVISION, THE TAX INSTITUTE
As part of the 1998 Federal Budget the Government foreshadowed further changes to the way in which excluded funds were to be regulated. The two main proposals involve the introduction of a new definition for self-managed funds, which is the focus of this paper, as well as a significant tightening of the investment restrictions. At the time of preparing this paper the Government is yet to release draft legislation in relation to the investment restrictions. However a brief overview of the expected changes is provided.