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By Stuart Dixon-Smith and Scott Heezen   King & Wood Mallesons’ Sydney office.

A number of tax concessions are available for Australian investment vehicles that qualify as managed investment trusts (MITs) for tax purposes. These concessions are designed to encourage investment into Australia, particularly Australian real estate, by both resident and non-resident investors.

A trust must satisfy a number of requirements in order for it to qualify as a MIT and access these concessions.
Continue Reading Investing in Australian real estate: Tax concessions for Managed Investment Trusts

By Roberto Pomares and Germán Cabrera King & Wood Mallesons’

2017年8月30日，银监会发布了《关于印发信托登记管理办法的通知》（银监发[2017]47号）以及银监会有关部门负责人就《信托登记管理办法》答记者问。《信托登记管理办法》自2017年9月1日起施行，配套的信托登记系统也将同日正式上线运行。本文拟从不同纬度梳理《信托登记管理办法》中提出的登记相关操作程序及具体要求，并探讨了值得关注和后续待监管进一步明确的相关问题。
Continue Reading Nondistribution of Dividends & Shareholders’ Right of Separation

By Andrew Clements King & Wood Mallesons’ Melbourne office.

The Assistant Treasurer has released on 25th August for public comment exposure drafts of key legislation for corporate collective investment vehicles. This continues Australia’s development as a funds management centre of the world.
Continue Reading The right of separation of the shareholders due to the lack of distribution of dividends: practical issues

By Monique Carroll and Jessica Bounds King&WoodMallesons’ Melbourne office

Australia’s regulatory landscape is constantly changing and companies must stay ahead of the curve. In the anti-bribery and corruption space, a large number of legislative changes have been proposed which, if introduced, will significantly increase the level of vigilance required by companies.
Continue Reading Anti-bribery and Corruption in Australia

By Andrew Fei King & Wood Mallesons’ sydney office

On 18 August 2017, as part of the Chinese government’s ongoing efforts to regulate overseas investments by Chinese companies, China’s State Council published a set of investment guidelines (Guidelines) formulated by four key regulators – the National Development and Reform Commission, Ministry of Commerce, People’s Bank of China and Ministry of Foreign Affairs (collectively, PRC Regulators).
Continue Reading China issues guidelines on overseas investments

By  Urszula McCormack, Lauren Dray and Violet Wong King & Wood Mallesons’ Hong Kong office

The global standard-setter on anti-money laundering/counter-terrorist financing (“AML/CTF”), the Financial Action Task Force (“FATF”) held its recent plenary meeting in Valencia, Spain on 21-23 June 2017.

Key coverage included the ongoing fight against terrorist financing, improving transparency and beneficial ownership, “de-risking” and the application of the risk-based approach (“RBA”).

In this article, we set out 8 key points covered at the plenary meeting and provide 8 key takeaways for financial institutions operating in Hong Kong (“FIs”).
Continue Reading FATF Plenary: 8 things you should know

作者：Scott Farrell、韩巍、邬素岚、周昕 金杜律师事务所

以太坊使用区块链技术……

以太坊依赖区块链——由他人独立核实并载于分布式账本中的交易记录。这种技术也是比特币的基础。但是，比特币区块链主要用来做一件事：进行比特币交易。而以太坊则可作为可编程的基础设施。这意味着以太坊是适应性和灵活性更强的开发平台。
Continue Reading 什么是以太坊？这10点能帮到你

By Urszula McCormack, Heidi Machin, Lauren Dray, Jack Nelson, Marina Lauer, Hannah Glass and Henry Wells King & Wood Mallesons

Token sales are rapidly gaining momentum as the darling of capital raising in the digital economy. Huge sums have been raised; some tokens have experienced skyrocketing valuations; many believe no regulation applies. This has caused a strong “fear of missing out” effect among those looking to get involved in this rapidly growing space.
Continue Reading “Know Your Token”: A guide to participating in token sales

By Alex Maschmedt, Louise Yun King & Wood Mallesons

The National Transport Commission (NTC) has released a discussion paper outlining four regulatory options to govern the safety of driverless cars and other autonomous vehicles in Australia. These include:

  1. Continuing the current approach
  2. Self-certification
  3. Pre-market approval
  4. Accreditation

These proposals mark an important step in developing a complete regulatory framework to support the large-scale roll-out of automated vehicles in the near future. The NTC is currently seeking feedback on each of the options proposed, along with any other issues that may arise in the regulation of driverless car technology. Subsequently, the NTC will formulate recommendations to submit to Australian transport ministers in November 2017.

This article evaluates the four regulatory options in light of current Australian practices surrounding vehicle safety and governance.
Continue Reading The Regulatory Road for Driverless Cars in Australia

作者：Alex Maschmedt，Louise Yun 金杜律师事务所

澳大利亚国家交通委员会（“交通委”）发布了一份讨论稿，提出了有关澳大利亚无人驾驶汽车和自动驾驶汽车安全治理的四种监管方案，包括：

  1. 沿用现有措施
  2. 自我证明
  3. 入市前审批
  4. 认证

面对不久后将大规模推出的自动驾驶汽车，这些提案是建立完整监管框架的重要一步。交通委目前正在收集关于每一方案的反馈和无人驾驶汽车技术监管中可能产生的任何问题。接下来，交通委将在2017年11月向澳大利亚交通部提交成型建议。

本文将结合澳大利亚车辆安全和治理现有实践对这四种方案进行评析。
Continue Reading 澳大利亚无人驾驶汽车监管之路