(b) for scheme property of a
registered managed investment scheme that is a trust interest—a trust
acquisition made by 1 property holder for the scheme, if the trust interest
was held by the other property holder for the scheme immediately before the
acquisition.
(2) However, subsection (1) does not apply if the relevant
transaction is part of an arrangement under which—
(b)
the persons who are members of the registered managed investment scheme do not
have the same trust interest in the scheme property after the relevant
transaction happens as they had immediately before the arrangement was entered
into.
(3) In this section—
"property holder" , for a registered managed investment scheme, means—
(a)
the responsible entity of the scheme; or
(b) a person as primary custodian
for the responsible entity of the scheme.
"scheme property" includes a trust interest of a registered managed investment
scheme held by a property holder for the scheme.