sec.76GApproval holders must notify commissioner if deeming period ends

### sec.76G Approval holders must notify commissioner if deeming period ends This section applies in relation to an approval for a unit trust in force under section 76F if either of the following happens (the notifiable event )— the ASIC order mentioned in section 76F (3) (a) ceases to apply; a unit in the trust is issued or transferred to a person who is not a wholesale client. Within 28 days after the trustee becomes aware, or ought reasonably to have become aware, of the notifiable event, the trustee must give the commissioner notice of the notifiable event. Failure to give the notice is an offence under the Administration Act , section 120 . s 76G ins 2018 No. 27 s 11 (sec.76G-ssec.1) This section applies in relation to an approval for a unit trust in force under section 76F if either of the following happens (the notifiable event )— the ASIC order mentioned in section 76F (3) (a) ceases to apply; a unit in the trust is issued or transferred to a person who is not a wholesale client. (sec.76G-ssec.2) Within 28 days after the trustee becomes aware, or ought reasonably to have become aware, of the notifiable event, the trustee must give the commissioner notice of the notifiable event. Failure to give the notice is an offence under the Administration Act , section 120 . - (a) the ASIC order mentioned in section 76F (3) (a) ceases to apply; - (b) a unit in the trust is issued or transferred to a person who is not a wholesale client.