Document ID: chunk:federal_register_of_legislation:F2024C00838:reg:64
Version: federal_register_of_legislation:F2024C00838
Segment Type: reg
Provision Reference: reg 64
Character Range: 102690–103702

64  Investment in financial products
 (1) For paragraph 52N‑1(3)(e) of the Act, each of the following financial products in relation to an aged care investment scheme is specified:
 (a) an interest in the scheme;
 (b) a legal or equitable right or interest in an interest covered by paragraph (a);
 (c) an option to acquire, by way of issue, an interest or right covered by paragraph (a) or (b).
Note: An approved provider may use a refundable deposit or an accommodation bond to invest in a financial product specified in subsection (1) (see paragraphs 52N‑1(2)(b) and (3)(e) of the Act).
 (2) An aged care investment scheme is a scheme established for the purpose of investment in residential care or flexible care that:
 (a) is a managed investment scheme within the meaning of the Corporations Act 2001; and
 (b) is not a registered scheme within the meaning of the Corporations Act 2001.

Part 7—Refunds

Division 1—Payment of interest on refund of refundable deposit balance or accommodation bond balance