Australian Collective Investments
- Listed investment company or LIC. Closed-ended collective investment either corporate or trust based. Available since 1928.
- Managed Investment Vehicle per s 9 of the Corporations Act (Cth) 2001
- Unit trusts open-ended trust based investments often called Managed funds, managed investment vehicles or unlisted managed funds. If the managed investment vehicle is open for retail investors, the managed investment vehicle must be registered with ASIC. An unregistered vehicle has an Trustee whilst a registered vehicle has an Responsible Entity.
Read more about this topic: Collective Investment Scheme
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