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ASIC confirms indexation of the net tangible asset requirement

31/08/2026

Australian Securities and Investments Commission (ASIC) has confirmed it will increase the net tangible assets (NTA) requirements for responsible entities of registered managed investment schemes, operators of investor directed portfolio services (IDPS), and corporate directors of retail corporate collective investment vehicles (CCIVs). The revised thresholds will be effective from 1 July 2027. What is changing […]

ATO finalises guidance on when ancillary funds ‘provide a benefit’

17/06/2026

Following our earlier analysis of draft Taxation Determination TD 2025/D3, the Australian Taxation Office (ATO) has now finalised its guidance with the release of Taxation Determination TD 2026/3. The determination confirms the ATO’s view on when an ancillary fund ‘provides’ a benefit and provides further clarification on the role of legally binding commitments when assessing […]

Funds Tax & Accounting technical training

20/05/2026

In the lead up to financial year-end, our experts offer an online tax and accounting training session specifically for funds. The session will deliver a deeper insight into the technical and information requirements when preparing accounts, demonstrated how tax components are calculated and common accounting vs. tax differences. Our fund experts will help you better […]

Government announces changes to Private and Public Ancillary Funds (Giving Funds)

05/03/2026

The government will increase the minimum annual distribution rate while allowing funds to smooth distributions over a three-year period. The Federal Government has announced significant reforms to the regulation of Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAFs) as part of its broader objective to increase philanthropic giving in Australia. These changes flow from […]

ATO Draft Determination TD 2025/D3: New guidance on when ancillary funds ‘provide a benefit’ 

15/12/2025

On 12 November 2025, the ATO released draft Taxation Determination TD 2025/D3, offering the first detailed guidance on when ancillary funds are considered to ‘provide a benefit’.  The draft provides the first comprehensive guidance on when private and public ancillary funds ‘provide a benefit’ under the Taxation Administration (Private Ancillary Fund) Guidelines 2019 and the Taxation Administration (Public Ancillary Fund) Guidelines 2022 (collectively, the Guidelines).  […]

Luke Fernandes, Partner

02/07/2024

I am a Partner in our Tax practice with more than 16 years of experience advising Australian and multinational groups. Recognised for my ability to simplify complex issues and deliver practical outcomes, I combine technical depth with a personable approach that builds trust and long-term client relationships. I specialise in the funds management, agribusiness, and […]

Emerging Property Fund Managers series 2024

08/02/2024

Developing tomorrow’s leaders today The 2024 Emerging Property Fund Managers series has now concluded. To register your interest for the next series, which will be announced in the coming months, please email marketing@sw-au.com. For the seventh year, we delivered an interactive 5-part seminar series to aspiring and emerging leaders in the Property Fund Management sector, […]

Media release | SW assists Blackwattle establish new generation fund manager

26/05/2023

Australia, 24 May 2023 – SW Accountants & Advisors (SW), a leading financial advisory firm, is pleased to announce its successful collaboration with Blackwattle Investment Partners (Blackwattle) in establishing what has been described as a ‘new generation Australian fund Manager’.  Over eight months, SW worked closely with the Blackwattle team and Hamilton Locke lawyers to […]

Corporate Collective Investment Vehicle Regime (CCIV)

31/08/2022

Now that we are in the 2023 financial year, it is important for fund managers to consider the opportunities of the Corporate Collective Investment Vehicle Regime (CCIV), which came in to effect from 1 July 2022, when considering the structure of new and even existing investments.   The CCIV regime provides a new type of […]

Emerging Property Fund Managers series 2022

17/08/2022

Developing tomorrow’s leaders today For the sixth year, we deliver an interactive 5-part seminar series to aspiring and emerging leaders in the Property Fund Management sector, with direct access to leading industry experts and their experience, strategic industry insights and pitfalls, and key issues ranging from structuring, debt and equity through to legal and compliance. […]