Document ID: chunk:federal_register_of_legislation:F2023C01164:body:0:p14
Version: federal_register_of_legislation:F2023C01164
Segment Type: other
Provision Reference: 
Character Range: 33535–36395

securities that may be held through an IDPS-like scheme.
annual investor statement has the meaning given by paragraph (13)(a).
client, in relation to a custodial arrangement, has the same meaning as in subsection 1012IA(1).
custodial arrangement has the same meaning as in subsection 1012IA(1).
custodian means a person that holds property of an IDPS-like scheme and who may also be the responsible entity of the scheme.
defective:
(a) in relation to a Product Disclosure Statement—has the same meaning as in section 1021B; and
(b) in relation to a disclosure document—means a disclosure document in relation to which a person offering securities under the disclosure document must not issue securities or must deal under subsection 724(2) with any applications for securities made under the disclosure document that have not resulted in an issue or transfer of the securities; and
(c) in relation to a CSF offer document—has the same meaning as in section 738U.
distribution reinvestment plan means a written arrangement between the responsible entity of an IDPS-like scheme and a member to the effect that the member instructs the responsible entity to:
(a) reinvest distributions from specified accessible investments held through the scheme by the member in some or all of the accessible investments held through the scheme by the member; and
(b) carry out the reinvestment of distributions referred to in paragraph (a) according to an agreed method;
where before entering into the arrangement, the member has been given a Product Disclosure Statement for the scheme containing a statement to the effect that the member may not have:
(c) the current Product Disclosure Statement for an accessible financial product held through the scheme; or
(d) the current disclosure document for accessible securities held through the scheme;
at the time an additional holding of the accessible financial product or accessible securities is acquired under the distribution reinvestment plan.
eligible agent, in relation to a person who is a member of an IDPS-like scheme, means an agent of the person, other than the responsible entity of the scheme or an associate of the responsible entity, who is authorised under an eligible agreement.
eligible agreement, in relation to an eligible agent, means a written agreement between the person and the agent which authorises the agent to receive a document on the person's behalf in relation to the IDPS-like scheme.
financial assets has the same meaning as that term has in paragraph 11 of Accounting Standard AASB 132 Financial Instruments: Presentation as in force on the day this instrument is made.
IDPS has the same meaning as in ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669.
IDPS-like scheme means a registered managed investment scheme under which or which has a constitution that has