Document ID: chunk:federal_register_of_legislation:C2025C00185:section:111afa
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 111AFA
Character Range: 388784–389556

111AFA  Managed investment products held by 100 or more persons
 (1) Managed investment products in a class of managed investment products issued by a body are ED securities if 100 or more people hold managed investment products in that class as a result of offers that gave rise to obligations to give Product Disclosure Statements (whether or not all in the same terms) under Chapter 7.
 (2) Interests in a class of interests in a managed investment scheme issued by a body are ED securities if interests in that class have been issued under a recognised offer and the offeror's records indicate that 100 or more people who reside in this jurisdiction have held interests in that class (whether or not as a result of the recognised offer) at all times since the issue.