Financial Services Reform Act 2001 (122 of 2001)
Schedule 3 Other miscellaneous amendments
Part 1 Technical and other minor amendments
Corporations Act 2001
20A At the end of section 610
Add:
When a designated body is a managed investment scheme
(5) For the purposes of the application of this section in relation to a designated body that is a managed investment scheme:
(a) a reference to voting shares in the designated body is taken to be a reference to voting interests in the scheme; and
(b) a reference to the election of directors of the designated body is taken to be a reference to:
(i) if the scheme is a registered scheme - the appointment of a responsible entity for the scheme; or
(ii) if the scheme is not a registered scheme - the appointment of a person to the office (by whatever name it is known) in relation to the scheme that corresponds most closely to the office of responsible entity of a registered scheme; and
(c) a reference to the designated bodys constitution is taken to be a reference to the schemes constitution.
Meaning of designated body
(6) In this section:
designated body means:
(a) a body; or
(b) a managed investment scheme.