On 3 November 2016, the Australian Minister for Revenue and Financial Services released a collective investment vehicle (CIV) non-resident withholding taxes paper for public consultation. The consultation includes three proposals:

• No policy change to the existing tax settings;
• Single non-resident withholding tax rate of 5% for CIVS and MITS under the Asia Region Funds Passport (ARFP); and
• Unif…