A corporate collective investment vehicle (CCIV) is an umbrella vehicle that is comprised of one or more sub-funds and is operated by its single corporate director. 
The result is an expansion of investment structures for Australian funds managers. \ Hitherto, the industry has been transacted through managed investment schemes based on trust structures. However, CCIVs will have to be registered with ASIC, unlike wholesale managed investment schemes.
The main provisions are contained in a new Chapter 8B which is to be inserted into the Corporations Act 2001 (Cth), with effect from 1 July 2022. Consequential amendments are to be made to the Australian Securities and Investments Commission Act 2001 (Cth), the Personal Property Securities Act 2009 (Cth) and various tax Acts.