s 74
In forceWho is a wholesale investor
Chapter 2Transfer duty
Part 8Dutiable transactions relating to trusts
Division 7Public unit trusts
Subdivision 4Basic concepts about wholesale unit trusts
74 Who is a wholesale investor
A wholesale investor in a wholesale unit trust is—
(a)
a funds manager, other than the funds manager that established and manages the trust, investing funds of another wholesale unit trust managed by the funds manager; or
(b)
the trustee of another wholesale unit trust investing funds of another wholesale unit trust managed by the trustee; or
(c)
the trustee of a superannuation fund under the Superannuation Industry Act having more than $10,000,000 in assets; or
(d)
a person who has more than $10,000,000 invested in wholesale unit trusts.
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