Document ID: chunk:federal_register_of_legislation:F2021L00666:body:0:p5
Version: federal_register_of_legislation:F2021L00666
Segment Type: other
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Character Range: 10709–12871

of the controlling entity (or the religious institution that established the Fund). All advertising and marketing material of the Fund must contain the disclosure required under Condition 11.

   13.  A Fund must not use or assume the words or expressions deposit or at-call, or any other word or expression (whether or not in English) of like import, in relation to a retail product offered, issued or sold to a retail investor.

   14.  A reference to a word or expression being used or assumed includes a reference to the word or expression being used or assumed:
      (a)          as part of another word or expression; or
      (b)          in combination with other words, letters or other symbols.
Definitions

   15.  In this Schedule:
affiliate means:

      (a)          a body constituted by or under the authority of a decision of the central governing body of a related religious organisation;
      (b)          a body in relation to which the central governing body of a related religious organisation is empowered to make ordinances or other binding rules;
      (c)           a person acting as a trustee of a trust for or for the use, benefits or purposes of a related religious organisation;
      (d)          a body that is of the same religious denomination;
      (e)          an employee or voluntary staff member of a body mentioned in sub-paragraphs (a) to (d) above; or
      (f)            a member of the clergy, or equivalents in other denominations, within a related religious organisation; or
      (g)          a person undertaking training or education for the purpose of becoming a member of the clergy, or equivalents in other religious denominations, within a related religious organisation.

   controlling entity means a person or body corporate who or which is a trustee of, or otherwise concerned in the management of, a Fund.

   retail investor means a person who would be a retail client under section 761G of the
   Corporations Act 2001, but excludes affiliates.

   retail product means securities, a financial product or any other arrangement involving the taking of money on deposit offered to a retail investor.