182Investment in residential accommodation unit trusts

#### 182 Investment in residential accommodation unit trusts 182 Investment in residential accommodation unit trusts > > (1) The Board may invest money in units in a residential accommodation unit trust and may, with the approval of the Minister, underwrite the issue of units in such a trust. > > > (2) A residential accommodation unit trust is a unit trust providing for participation by unit holders in income and profits arising from the development of property that wholly or partly comprises residential accommodation. > > > (3) Development of property includes the acquisition, holding, management, leasing and disposal of property.