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 of the Commonwealth.

s 157AA: Ins 2023 No 26, Sch 1[8].