Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 68A

Exempt interests in managed investment schemes in relation to a jurisdiction

 
 
(1)
Each of the following is an exempt interest in
a managed investment scheme in relation to Western Australia: 
 
 
 
(a)
an interest in a registered scheme
that a registered co-operative company has issued, or proposes to issue, to a
member of the company

(b)
an interest in a registered scheme in so far as a registered
co-operative company 

 
 
(i)
offers
the interest to a member of the company for subscription or purchase;
or

(ii)
invites such a member to subscribe for or buy the interest


 
 
(c)
an interest in
a registered scheme in so far as: 

 
 
(i)
a
registered co-operative company: 

 
 (A) offers the interest to a person other than a member of
the company; or

                (B)  invites a person other than a member to subscribe for or
                     buy the interest; and
 
 
(ii)
the terms or
                     circumstances of the offer or invitation are such that,
                     if the offer, or an offer that the person makes because
                     of the invitation, is accepted, the acceptance will
                     result in the person becoming a member of the company.
                     

 
 
(2)
In subsection (1): 
 
 registered co-operative company means a body
of the kind referred to in paragraph 66A(4)(c).