DUTIES ACT 2001 - SECT 76
Who is a qualified holder and a large qualified holder
DUTIES ACT 2001 - SECT 76
Who is a qualified holder and a large qualified holder
(1) A
"qualified holder" of units in a unit trust is— (a) the trustee of a listed
unit trust, widely held unit trust, wholesale unit trust or declared public
unit trust; or
(b) the trustee of a complying superannuation fund; or
(c)
the trustee of a complying approved deposit fund; or
(d) a life company if
the units held represent an investment of its statutory funds maintained by it
under the Life Insurance Act 1995 (Cwlth) ; or
(e) a person of a class
approved under section 76A ; or
(f) a person approved under section 76B .
(2) A
"large qualified holder" of units in a unit trust is a qualified holder with
more than 50 members.
