Law stated as at 01 Jun 2023 • Australia |
Subject to some limited exceptions, the Australian tax regime does not provide specific tax concessions or incentives for fund structures or investments commonly applicable to PE activities.
Where investors cannot use a VCLP, AFOF, ESVCLP, MIT, or the sub-fund of a CCIV (see below), the general rules of Australian tax apply, including that foreign investors will be taxable on profits and gains with an Australian source, unless protected by the terms of an applicable double tax treaty (Australia has a wide network of double tax treaties).
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