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Contents

Long Title

Part I PRELIMINARY

Part II REGISTRATION OF BUSINESS TRUSTS

Part III TRUSTEE-MANAGER

Division 1 — Responsibilities and powers

Division 2 — Change of trustee-manager

Division 3 — Consequences of change of trustee-manager

Division 4 — Written directions

Division 5 — Indemnification

Part IV TRUST DEED

Part V UNITHOLDERS

Part VI CIVIL LIABILITY AND TAKE-OVERS

Part VII WINDING UP OF REGISTERED BUSINESS TRUST

Part VIII DEREGISTRATION

Part IX MANAGEMENT AND ADMINISTRATION

Division 1 — Meetings and proceedings

Division 2 — Registers

Division 3 — Annual return

Part X ACCOUNTS, AUDIT AND DISCLOSURE

Division 1 — Accounts

Division 2 — Audit

Division 3 — Disclosure

Part XI APPEALS

Part XII MISCELLANEOUS

THE SCHEDULE Types of Trusts That Are Not Regarded As Business Trusts for Purposes of Act

Legislative Source Key

Legislative History

 
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Related Subsidiary Legislation | Legislative History | Amendment Annotation off
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On 25/05/2013, you requested for the version in force on 25/05/2013 incorporating all amendments published on or before 25/05/2013. The closest version currently available is that of 18/04/2013.
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Trustee-manager to be company and not to carry on any other business
6.
—(1)  No person other than a company (not being an exempt private company) shall act as the trustee-manager of a registered business trust.
(2)  The business of a registered business trust shall be managed and operated only by the trustee-manager of the registered business trust.
(3)  The trustee-manager of a registered business trust shall not carry on any business other than the management and operation of the registered business trust as its trustee-manager.
(4)  Any person who contravenes subsection (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.