It is really messed up. I have shares in Two Australian listed funds, both run by Magellan
MHH high conviction fund and MFF Magellan capital investments fund. Both seem to have a similar structure yet MHH is not FIF exempt but MFF is. I can’t see the logic, all very confusing.
Does the status stay the same year after year? According to current rules I would be better off putting any excess over 50k into MHH, but could the status change year on year?