Managed Investments Act 1998 (62 of 1998)

Schedule 2  

Part 1   Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989

117   Paragraphs 770B(2)(a) and (b)

Repeal the paragraphs, substitute:

(a) unless paragraph (b) applies, the interests in a registered scheme constitute a kind of interest in the scheme; and

(b) if a particular scheme relates to a number of different undertakings in relation to interests - the interests in the scheme are taken to be divided into a number of kinds, with each kind consisting of the interests to which a particular one of those undertakings relates.