(1)

Divisions 1 and 3 of Part 7.3, Parts 7.5, 7.6 and 7.7 and section 842 of the Act do not apply to a dealing in or with an interest in a managed investment scheme:

(a)

that is not, and is not required under section 601ED of the Act to be, registered under section 601EB of the Act; or

(b)

in relation to which the person operating the scheme is exempt from subsection 601ED (5) of the Act.

(2)

However, subregulation (1) does not apply to a dealing in or with an interest in:

(a)

a regulated superannuation fund; or

(b)

an approved deposit fund; or

(c)

a pooled superannuation trust;

within the meaning of the Superannuation Industry (Supervision) Act 1993 .

(2A)

Also, subregulation (1) does not apply to a dealing in, or with an interest in, a friendly society benefit fund.

(3)

Part 7.7 of the Act does not apply to a body corporate in relation to an interest in a registered scheme made available by the body corporate in accordance with Chapter 5C and Chapter 6D of the Act.