11GUnitisation of an Investment Division

11G Unitisation of an Investment Division

(1) CSC must determine the net asset value of an Investment Division that is established. (2) CSC may determine, from time to time, the method of determining the net asset value of a Fund Investment Division. (3) CSC must: (a) divide the beneficial interest in the assets of an Investment Division into a number of units in the Division; and (b) work out, for each day, the price of the units in accordance with rules 11J and 11K. (4) A unit does not confer an interest in any particular part of: (a) the beneficial interest in the net assets of the Investment Division; or (b) the assets of the Investment Division; or (c) the Investment Division. (5) Subject to the terms on which the units are issued to a unitised member, each unit in a class of units of an Investment Division is of equal rank within the class. (6) CSC must make and keep unit records for each Investment Division, including: (a) the name and contact details of each unitised member who has a unit in the Investment Division; and (b) the number of units in the Investment Division held by each unitised member; and (c) the aggregate value of those units.