Australian Capital Territory Numbered Acts

DUTIES (LANDHOLDERS) AMENDMENT ACT 2008 (NO. 31 OF 2008) - SECT 16

insert

"recognised stock exchange" means—

        (a)     the Australian Stock Exchange; or

        (b)     any other exchange that is a member of the World Federation of Exchanges; or

        (c)     a financial market that is declared to be a recognised stock exchange under section 252A.

"wholesale unit trust scheme" means a unit trust scheme, other than a listed trust, that is registered under part 3.2A (Registration of unit trust schemes) as—

        (a)     a wholesale unit trust scheme; or

        (b)     an imminent wholesale unit trust scheme.

"widely held trust" means a unit trust scheme—

        (a)     that is a managed investment scheme registered under the Corporations Act, part 5C.1; and

        (b)     in which units have been offered to the public; and

        (c)     that has at least 300 registered unit holders; and

        (d)     in which none of the registered unit holders, individually or together with any associated person, holds or is entitled to more than 20% of the units in the unit trust scheme.