The Government is consulting on draft Corporations Amendment (Litigation Funding) Regulations 2022 (draft Regulations) which propose changes to the regulation of litigation funding schemes under the Corporations Act 2001.
The purpose of the draft Regulations is to amend the Corporations Regulations 2001 to provide litigation funding schemes with an explicit exemption from the managed investment scheme, Australian Financial Services Licence, product disclosure and anti‑hawking provisions of the Corporations Act 2001.
Further details can be found in the draft Explanatory Statement accompanying the draft Regulations.
The Government welcomes feedback from stakeholders on the draft Regulations and Explanatory Statement.
No submissions are currently available.