Document ID: chunk:federal_register_of_legislation:C2018A00061:clause:2_298
Version: federal_register_of_legislation:C2018A00061
Segment Type: clause
Provision Reference: sch 2 cl 298
Character Range: 153137–153691

298  Paragraph 1043L(8)(c)
Repeal the paragraph, substitute:
 (c) is to be held:
 (i) in the case of a registered scheme other than an Australian passport fund—by the responsible entity; and
 (ii) in the case of an Australian passport fund or a notified foreign passport fund—by the responsible holding party for the fund;
  on behalf of the persons who, at the time of the subscription or agreement, had rights or interests in the relevant financial or business undertaking or scheme, common enterprise, investment contract or time‑sharing scheme; and