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
135 Section 1002H
Repeal the section, substitute:
1002H Exception for withdrawal from registered scheme
Subsection 1002G(2) does not apply in respect of a member's withdrawal from a registered scheme if the amount paid to the member on withdrawal is calculated (so far as is reasonably practicable) by reference to the underlying value of the assets of the financial or business undertaking or scheme, common enterprise, investment contract or time-sharing scheme to which the member's interest relates, less any reasonable charge for buying the member's interest.