THE CORPORATIONS LAW

CHAPTER 6D - FUNDRAISING

PART 6D.1 - APPLICATION OF THE FUNDRAISING PROVISIONS

SECTION 701   TREATMENT OF OFFERS OF INTERESTS IN MANAGED INVESTMENT SCHEME  

701     This Chapter applies to offers of interests in managed investment schemes as if:

(a)  making the interests available were issuing the interests; and

(b)  the person making the interests available were the body whose securities were issued; and

(c)  the assets and liabilities, financial position and performance, profits and losses and prospects of the scheme were those of the body; and

(d)  a person who has the capacity to determine the outcome of decisions about the financial and operating policies governing the operation of the scheme were able to control the body.