Stamping fee exemption will protect investor interests: LICAT

The Listed Investment Company and Trusts Association (LICAT) has backed the Government’s stamping fee exemption objectives of protecting investor interests while preserving the ability of Australian businesses to raise capital in a timely manner.

LICAT said it welcomed the opportunity to consult with Treasury on the merits of the current stamping fee exemption in relation to listed investment entities.

It said the capital raising process was a fundamental component as it provided investors significant benefits through efficiency and coordinated bargaining power, while supplying business with timely access to capital when they needed it.

LICAT said the public consultation on the stamping fee exemption would provide clarity.