DUTIES ACT 2001 - SECT 74 Who is a wholesale investor
DUTIES ACT 2001 - SECT 74
Who is a wholesale investor74 Who is a wholesale investor
A
"wholesale investor" in a wholesale unit trust is—
(a) a funds manager, other than the funds manager that established and manages the trust, investing funds of another wholesale unit trust managed by the funds manager; or
(b) the trustee of another wholesale unit trust investing funds of another wholesale unit trust managed by the trustee; or
(c) the trustee of a superannuation fund under the Superannuation Industry Act having more than $10,000,000 in assets; or
(d) a person who has more than $10,000,000 invested in wholesale unit trusts.