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

39   Paragraph 66(2)(m)

Repeal the paragraph, substitute:

(m) in the case of an issue of interests (in this paragraph called new interests ) in a registered scheme:

(i) the issue was made to existing holders of interests (in this paragraph called existing interests ) in the scheme:

(A) in satisfaction in whole or in part of an amount payable to those holders in respect of their existing interests, whether the existing interests are of the same class as, or are of a different class from, the new interests; or

(B) in exchange for existing interests of a different class from the new interests; and

(ii) the existing interests were issued under a prospectus; or