Managed Investments Act 1998 (62 of 1998)

Schedule 2  

Part 1   Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989

120   At the end of section 780

Add:

(2) A dealers licence may authorise a person to do either or both of the following:

(a) to carry on a securities business

(b) to operate:

(i) a managed investment scheme; or

(ii) managed investment schemes of a particular kind.

Note: Only public companies that hold a dealers licence can be responsible entities for registered managed investment schemes (see section 601FA).