As part of the Australian Government’s commitment to progress the tax and regulatory framework for a corporate collective investment vehicle (CCIV) a new over-arching rule and regulation will commence on 1 July 2022. So, what does this mean? Let’s break down the wording. The word ‘corporate’ comes from the Latin word for a body (corpus). In this case, it means a legal corporate entity (body), or a company, created under the Corporations Act 2001, for the purpose of conducting business. A company per this Act, must have a director and shareholders (the owners). Hence, in the case of our CCIV,…