89URegistration of declared wholesale unit trust schemes

89U Registration of declared wholesale unit trust schemes (1) On application by the trustee of a unit trust scheme, the Commissioner may register the unit trust scheme as a declared wholesale unit trust scheme if the Commissioner is satisfied that the scheme meets the criteria for registration as a declared wholesale unit trust scheme. (2) The criteria for registration as a declared wholesale unit trust scheme are— (a) the scheme should be registered as a declared wholesale unit trust scheme; and (b) registration is not being sought for the purpose of, or as part of a scheme or arrangement with a collateral purpose of, avoiding or reducing duty otherwise chargeable under this Part. (3) The Commissioner may impose any conditions he or she considers appropriate on the registration of a unit trust scheme as a declared wholesale unit trust scheme. S. 89V inserted by No. 38/2012 s. 5.