Stamping fee exemption will protect investor interests: LICAT
The Listed Investment Company and Trusts Association (LICAT) has backed the Government’s stamping fee exemption objectives of protecting investor interests while preserving the ability of Australian businesses to raise capital in a timely manner.
LICAT said it welcomed the opportunity to consult with Treasury on the merits of the current stamping fee exemption in relation to listed investment entities.
It said the capital raising process was a fundamental component as it provided investors significant benefits through efficiency and coordinated bargaining power, while supplying business with timely access to capital when they needed it.
LICAT said the public consultation on the stamping fee exemption would provide clarity.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
