The Asia Region Funds Passport (the passport) was an APEC initiative which aims to create a regulatory arrangement for the cross-border offer of collective investment schemes in participating economies. The passport will enable fund operators in passport member economies to offer eligible schemes to retail investors in other member economies under a streamlined process.  The Asia Region Funds Passport Consultation Paper has given industry participants an opportunity to assist in developing a multi-lateral framework for the cross border offer of collective investment schemes in the Asia region. While the Consultation Paper does not currently contemplate including property as an eligible asset class, the PFA made a submission to Treasury encouraging inclusion of Unlisted Property Funds.  

Download a full copy of our Submission

Our thanks to the Issues and Regulatory Committee, especially Chair, Harry New and Hall and Wilcox for their contribution to this submission.