CORPORATIONS ACT 2001 - SECT 111AFA Managed investment products held by 100 or more persons
CORPORATIONS ACT 2001 - SECT 111AFA
Managed investment products held by 100 or more persons(1) Managed investment products in a class of managed investment products issued by a body are ED securities if 100 or more people hold managed investment products in that class as a result of offers that gave rise to obligations to give Product Disclosure Statements (whether or not all in the same terms) under Chapter 7.
(2) Interests in a class of interests in a
managed investment scheme issued by a body are ED securities if interests in
that class have been issued under a recognised offer and the offeror's
records indicate that 100 or more people who reside in this jurisdiction have
held interests in that class (whether or not as a result of the
recognised offer) at all times since the issue.