New South Wales Consolidated Acts

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DUTIES ACT 1997 - SECT 157AA

Definitions

157AA Definitions

In this division--

"disqualifying circumstance" --see section 157AG(1).

"imminent wholesale unit trust scheme" --see section 157AD(1)(a)(ii).

"investor directed portfolio service" has the same meaning as in--

(a) Regulatory Guide 148: Platforms that are managed investment schemes and nominee and custody services published by the Australian Securities and Investments Commission (
"ASIC" ), or
(b) another publication or instrument of ASIC that the Chief Commissioner approves from time to time for this definition.

"private unit trust scheme" means a unit trust scheme other than--
(a) a public unit trust scheme, or
(b) a unit trust scheme that is registered.

"qualified investor" --see section 157AB.

"registered" means registered under this division.

"responsible entity" , for a unit trust scheme for which there is no responsible entity, means the trustee of the unit trust scheme.

"wholesale unit trust scheme" --see section 157AC(1).

"wholly-owned subsidiary" has the same meaning as in the Corporations Act 2001 of the Commonwealth.


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