(a) a member of a large qualified
holder of units in a unit trust is taken to be entitled to the number of units
in the trust that is worked out by applying the member’s interest in the
holder to the units in the trust held by the holder; and
(b) another holder
of units in the trust is entitled to the units held.
(2) For subsection (1)
(a) , a member’s interest in a large qualified holder is the proportion that
the value of the member’s entitlement as a member bears to the value of the
entitlements of all members in the holder expressed as a percentage.
(3) For
section 75, a person who is entitled to units in the unit trust is taken to
be entitled to all units that, under subsection (1) (a) and (b) , the person
and related persons of the person are entitled.
