Duties Act 1997

A unit trust scheme that is a wholesale unit trust scheme, within the meaning of the former wholesale unit trust scheme definition, is taken to be wholesale unit trust scheme for the purposes of Chapter 4A.

Subclause (1) ceases to apply in respect of a unit trust scheme—

at the end of the transitional period, or

on the actual registration of the unit trust scheme as a wholesale unit trust scheme under Chapter 4A, or

on the unit trust scheme becoming a listed trust or widely held trust,

For the purposes of this clause, the transitional period means the period commencing on the commencement of Schedule 1 to the amending Act and ending at the end of—

30 June 2005, or

such later date as may be fixed by the Chief Commissioner, by order published in the Gazette.

In this clause—