Northern Territory Consolidated Acts Northern Territory Consolidated Acts56T. Unit trust schemes
Unless the context indicates or requires otherwise, this Division applies to a unit trust scheme as if:
(a) the unit trust scheme were a corporation; and
(b) a unit in the unit trust scheme were a share in a corporation; and
(c) the acquisition of units in the unit trust scheme were the acquisition of shares in a corporation; and
(d) a reference to the constitution or rules of a corporation were a reference to the constituent documents of a unit trust scheme; and
(e) a reference to a winding-up of a corporation were a reference to a termination of a unit trust scheme.