ASIC consults on management rights schemes

ASIC has released a consultation paper (pdf) inviting comment on its proposal to modify existing relief for management rights schemes by modifying Policy Statement 140 Serviced strata schemes [PS 140] .

Management rights schemes are managed investment schemes that involve owners of strata units sharing income through a rental pool.

 ASIC invites comments on the proposals set out in the consultation paper by 9 July 2007.