Section 111AFA — Corporations Act 2001 (Cth)

(1) Managed investment products in a class of managed investment products issued by a body are ED securities if 100 or more people hold managed investment products in that class as a result of offers that gave rise to obligations to give Product Disclosure Statements (whether or not all in the same terms) under Chapter 7.

(2) Interests in a class of interests in a managed investment scheme issued by a body are ED securities if interests in that class have been issued under a recognised offer and the offeror’s records indicate that 100 or more people who reside in this jurisdiction have held interests in that class (whether or not as a result of the recognised offer) at all times since the issue.

Related sections

• s 111AD — Meaning of ED securities
• s 111AE — Securities of bodies or undertakings included in a licensed market’s official list
• s 111AF — Securities (except debentures and managed investment products) held by 100 or more persons
• s 111AFB — Foreign passport fund products held by 100 or more persons
• s 111AG — Securities issued as consideration for an acquisition under an off‑market takeover bid or Part 5.1 compromise or arrangement
• s 111AH — When a person holds securities for the purposes of sections 111AF, 111AFA, 111AFB and 111AG

Research how courts apply s 111AFA

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