157AADefinitions

#### 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](http://www.legislation.gov.au/) of the Commonwealth. > > **s 157AA:** Ins 2023 No 26, Sch 1\[8\].