Foreign Account Tax Compliance Act (FATCA)


In March 2010, US Treasury and the Internal Revenue Service (IRS) signed into law the Hiring Incentives to Restore Employment (HIRE) Act, which included the Foreign Account Tax Compliance Act (FATCA). The goal of FATCA is to create transparency with respect to US persons who may be investing and earning income through financial institutions or entities outside of the US.

In January 2013, the US Treasury and the IRS finalised and issued FATCA regulations. Technical corrections to the FATCA regulations have subsequently been issued and, more recently, additional guidance notes to help financial institutions comply with the FATCA regulations have followed. Separately, the US Treasury has been negotiating Intergovernmental Agreements (IGAs) with countries worldwide that provide for a government‐to‐government exchange of information under FATCA, as well as streamlining compliance obligations and reducing penalties imposed under the FATCA regulations.

On 28 April 2014, Australia and the US signed an IGA to assist in the facilitation of FATCA for Australian financial institutions. A key objective of the IGA is to support Australian compliance with FATCA in a way that reduces its overall burden in Australian business. This model 1 IGA means that instead of having to report to the IRS in the US, the Australian Taxation Office (ATO) takes on FATCA administration and enforcement. Australian businesses will report information directly to the ATO under the existing Australia – US tax treaty arrangements with respect to the Australian domiciled funds.

The Cook Islands and the US have not signed an IGA as such the Cook Islands will not administer FATCA locally. This means that reporting with respect to the Cook Island domiciled funds will be direct to the IRS in the US.

FATCA took effect from 1 July 2014.


FATCA impacts both US and non‐US resident investors. Failure to comply with FATCA could trigger reporting requirements, withholding tax and possibly other penalties.

From 1 July FATCA levies a 30% withholding tax on certain US‐source payments, such as interest, dividends, and royalties, paid to noncompliant parties. Therefore, financial institutions, including Man Investments Australia (MIA), may be required to obtain new information and extra documentation from investors and will be contacting any investors that have US Indicia under FATCA. Full withholding under FATCA on other payments does not come into effect until 2017 at the earliest.

Failure to provide adequate information and/or documentation when requested may result in information about investors (including name and address) being supplied to the IRS, as well as potential subjection to withholding tax under FATCA. Man Investments Australia Limited (MIA) is implementing new FATCA compliant on‐boarding processes and will be requesting additional information and documentation as required.


For more information please refer to

 Frequently asked questions (FAQ)
 List of Global Intermediary Identification Numbers (GIINs)

Please contact Man Investments Australia Client Services for more information.

This information is not intended to convey individual tax guidance and its contents cannot be relied upon by any taxpayer for the purposes of avoiding penalties under the Internal Revenue Code, applicable US state and local tax laws or any other US tax laws.

If you are having difficulty viewing these Terms and conditions of use, please click here.

Terms and conditions of use

Please read this page before proceeding. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

  1. Legal disclaimer

    The information on the Man Investments Australia Limited ("MIAL") website:

    • should not be distributed to any third party in whole or in part without the prior written consent of MIAL; and
    • has been obtained from sources believed to be accurate and MIAL does not give any representation or warranty as its reliability, accuracy or completeness.
  2. General advice

    The web site contains general information and does not purport to take into account any investor's particular financial circumstances. Man Investments Australia recommends that all potential investors seek independent financial, taxation and legal advice. To the maximum extent permitted by law, Man Investments Australia disclaims liability for any errors or omissions whether caused by the negligence of Man Investments Australia or otherwise. Man Investments Australia does not accept any legal responsibility for material published on third party linked sites. Past performance is not a reliable indicator of future performance.

  3. Description of website

    Access to and use of the website (the "Site") and the materials found on it (the "Content"), including the investment products referred to on it (the "Investment Products") are subject to the following terms and conditions (these "Terms"). By clicking the confirmation at the bottom of these Terms, you signify that you have read, understood and accepted these Terms. MIAL may update, revise, delete or modify information on this Site without notice. Information should only be considered current as of the time of initial publication on this Site or as otherwise stated on this Site without regard to the date on which you may access the information.

  4. Restricted access

    This Site, the Content and the Investment Products are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of (or located or established in) any jurisdiction where the use of the Site (or the purchase or sale of the Investment Products) would be contrary to applicable law or regulation or would subject Man to any additional registration or licensing requirement in such jurisdiction.

  5. No offer

    The Content is provided for information purposes only and does not constitute a solicitation or offer, or advice or recommendation, to buy or sell interests in any Investment Products, to effect any transactions, or to conclude any transaction of any kind whatsoever. Potential investors should read the terms and conditions in the relevant offering materials carefully before any investment decision is made.

  6. Monitoring by MIAL

    Your use of the services on this Site may be monitored by MIAL, and the resultant information may be used by MIAL or its affiliates for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organisation.

  7. No warranties and exclusion of liability

    Whilst MIAL shall use reasonable efforts to obtain information from sources which we believe to be reliable, MIAL gives no warranty as to the accuracy, completeness or reliability of any information, opinions or forecasts contained on the Site, nor does it undertake to ensure that this Site will be available or accessible at all times. MIAL shall have no liability (whether in contract, tort or otherwise) for any direct, indirect, consequential or special losses or damages of any kind whatsoever arising from or in connection with the access to, use of or linking to other websites ("Linked Websites") from this Site or any reliance on any of the Content. MIAL is not responsible for the content of any Linked Websites and accordingly accepts no liability with respect thereto or for any reliance placed upon such Linked Websites. MIAL is not liable for persons or matters beyond its reasonable control (such as telephone and other communications networks, the internet or your internet service provider). These exclusions of liability do not apply to the extent that such exclusions are invalid or ineffective under any law or regulation applicable to MIAL.

  8. Investment Performance

    Potential investors should note that investments can involve significant risks and the value of an investment may go down as well as up. The Investment Products on this Site typically use alternative investment strategies and may invest in derivatives of any kind. The prices of futures, options and other instruments in which the products may invest may fall in value as rapidly as they may rise and it may not be possible to liquidate the positions in the relevant markets before a loss is sustained. Price fluctuations may be substantial because of leverage. No assurance can be given that the investment objective of any Investment Product will be achieved or that substantial losses will not be suffered. There is no guarantee of trading performance and past or projected performance is not necessarily a guide to future results. Movements in exchange rates between currencies may affect the value of an investment.

  9. No Reliance

    Nothing contained on this Site constitutes investment, legal, tax or other advice or a recommendation to purchase or sell any investment. You should not rely on any of the Content in making an investment or other decision but should obtain relevant and specific professional advice and read the terms and conditions contained in the relevant offering prospectus carefully before any investment decision is made.

  10. Material Interests

    Any one of MIAL or its affiliates or their directors, officers, employees, agents or representatives may have or have had an interest or holding, relationship or other arrangement with the Investment Products which may be material. Potential investors should refer to the applicable offering documents for any Investment Product and in particular, the potential conflicts of interest discussed therein.

  11. Financial Services Guide

    Click here to access a copy of MIAL's Financial Services Guide.

By clicking "I ACCEPT" below, you confirm that you have read and understood the Terms above and agree to be bound by them.

I AcceptI Do Not Accept