THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 11 - Changes resulting from the Managed Investments Act 1998

SECTION 1452   DIVISION APPLIES TO PRESCRIBED INTERESTS IN EXISTENCE IMMEDIATELY BEFORE COMMENCEMENT  

1452     This Division applies to interests that, immediately before the commencement, were prescribed interests to which:

(a)  Division 5 of Part 7.12 of the old Law applied; or

(b)  that Division would have applied but for the operation of subparagraph 7.12.04(c)(ii) of the Corporations Regulations;

and that are interests in a managed investment scheme as defined in section 9 of the new Law. It also applies to the undertaking to which the interests relate and to the trustee or representative and the management company in relation to the interests.