THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 11 - Changes resulting from the Managed Investments Act 1998

SECTION 1462   TRANSFER OF RIGHTS, OBLIGATIONS AND LIABILITIES  

1462     If the undertaking becomes a registered scheme, Division 3 of Part 5C.2 of the new Law applies as if:

(a)  references to the new responsible entity were references to the responsible entity of the scheme on registration; and

(b)  references to the former responsible entity were references to either or both of the bodies that, immediately before the scheme's registration, held the offices of trustee or representative and management company (in their capacities as the holders of those offices).