Review of the Managed Investments Act 1998

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 Welcome to the MIA Review website

Release of the Review of Managed Investments Act Report

Malcolm Turnbull’s report on the Review of the MIA was tabled in Parliament on 19 December 2001.

 

The Managed Investments Act 1998 (MIA) commenced on 1 July 1998, and introduced a new Chapter 5C into the Corporations Act 2001 (formerly known as the Corporations Law) governing the regulation of managed investment schemes.

Section 3 of the MIA requires that a review of the MIA be undertaken as soon as possible after the third anniversary of its commencement.

The Minister for Financial Services and Regulation, the Hon Joe Hockey MP, has appointed Mr Malcolm Turnbull to undertake this review.

About the Reviewer - Mr Malcolm Turnbull BA LLB (Syd) BCL (Oxon):

Mr Turnbull has considerable experience in business and the law. He has held a number of senior executive positions in corporate management and advice in Australia, including his present position as Co-Chairman and Managing Director at investment bank Goldman Sachs Australia (1997-2001).

Previously, Mr Turnbull has been a director and had a management role in a number of companies including as a Director of FTR Holdings Ltd, Chairman of OzEmail Ltd, Managing Director of Turnbull & Partners Ltd (1987-97) and as a Partner of Turnbull McWilliam Solicitors (1986-1987). Prior to that, Mr Turnbull held the position of General Counsel and Company Secretary for Consolidated Press Holdings (1983-86) and was a member of the Bar (1980-1983).

Mr Turnbull has also been active in public affairs having undertaken the role of Chairman of the Australian Republican Movement (1993-2000) and being an elected delegate for the Constitutional Convention held in Canberra in early 1998. He was also appointed Chairman of the Republic Advisory Committee by the Prime Minister in 1993.

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