104. Section 305A of the principal Act is amended —
by inserting, immediately after the words “and 305B” in subsection (1), the words “ but subject to subsection (5)”;
by deleting the word “Securities” in the 1st line of subsection (2) and substituting the words “Subject to subsection (5), securities”;
by deleting the word “Where” in the 1st line of subsection (3) and substituting the words “Subject to subsection (5), where”; and
by inserting, immediately after subsection (4), the following subsection:
“(5) Subsections (1), (2) and (3) shall not apply where the units in a collective investment scheme acquired are of the same class as other units in the scheme —
an offer of which has previously been made in or accompanied by a prospectus; and
which are listed for quotation on a securities exchange.”.