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).
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