157AELength of registration

#### 157AE Length of registration 157AE Length of registration > > (1) Registration of a unit trust scheme under this division commences on the day specified by the Chief Commissioner in the grant of registration for the scheme. > > > (2) Registration may be specified to commence before the day on which registration is granted. > > > (3) Unless cancelled earlier, registration expires— > > > > > (a) for a wholesale unit trust scheme—3 years after registration commences, or > > > > > (b) for an imminent wholesale unit trust scheme—1 year after registration commences. > > > (4) Registration of a wholesale unit trust scheme may be renewed by making a further application for registration under this division. > > **s 157AE:** Ins 2023 No 26, Sch 1\[8\].