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].