Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:3_20a
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 3 cl 20A
Character Range: 963715–964738

20A  At the end of section 610
Add:

When a designated body is a managed investment scheme

 (5) For the purposes of the application of this section in relation to a designated body that is a managed investment scheme:
 (a) a reference to voting shares in the designated body is taken to be a reference to voting interests in the scheme; and
 (b) a reference to the election of directors of the designated body is taken to be a reference to:
 (i) if the scheme is a registered scheme—the appointment of a responsible entity for the scheme; or
 (ii) if the scheme is not a registered scheme—the appointment of a person to the office (by whatever name it is known) in relation to the scheme that corresponds most closely to the office of responsible entity of a registered scheme; and
 (c) a reference to the designated body's constitution is taken to be a reference to the scheme's constitution.

Meaning of designated body

 (6) In this section:

designated body means:
 (a) a body; or
 (b) a managed investment scheme.