The proceeds of the sale by the manager of a unit trust scheme of any units of the scheme and any income in respect of the assets of the scheme that is not distributed to the holders of those units shall be assets of the scheme and be subject to and be dealt with by the manager in accordance with the trusts created under the scheme.
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 26 December 1990 - onwards
11. Assets of unit trust schemes.
Repealed from 26 December 1990