scheme This Chapter applies to offers of interests in
managed investment schemes as if:
- (a)
- making the interests available were
issuing the interests; and
- (b)
- the person making the interests available were the body whose securities
were issued; and
- (c)
- the assets and liabilities, financial position and performance, profits
and losses and prospects of the scheme were those of the body; and
- (d)
- a person who has the capacity to determine the outcome of decisions about
the financial and operating policies governing the operation of the scheme
were able to control the body.