Fund manager of Victorian Future Fund is qualified investor
89PA Fund manager of Victorian Future Fund is qualified investor
The fund manager is taken to be a qualified investor under section 89P in its capacity as trustee of a unit trust scheme in which, either directly or through other unit trust schemes of which the fund manager is trustee, money in the Victorian Future Fund is invested.
A person appointed as agent, nominee or custodian for the fund manager in its capacity as trustee of a unit trust scheme referred to in subsection (1) is taken to be a qualified investor under section 89P in the capacity as such an agent, nominee or custodian and in accordance with the terms of appointment of the agent, nominee or custodian.
Section 89P(3) applies for the purposes of this section as if a reference in that subsection—
to paragraph (j) of the definition of qualified investor under subsection (1) were a reference to subsection (2) of this section; and
to one or more of the persons or entities referred to in subsection (1)(a) to (i) were a reference to the persons or entities referred to in subsection (1)(a) to (i) and the fund manager.
In this section—
fund manager has the meaning given by section 3 of the Victorian Future Fund Act 2023;
Victorian Future Fund means the Fund established by section 5(1) of the Victorian Future Fund Act 2023.
S. 89Q substituted by No. 38/2012 s. 5.
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