Catchwords
Corporations – Managed investment schemes – Unlisted unit trust – Members' rights to withdraw from scheme – Where terms of issue of units in trust provided for redemption within stipulated time period – Where units not redeemed within stipulated time period – Whether obligation to redeem units subject to requirements of Pt 5C.6 of Corporations Act 2001 (Cth) – Whether redemption of units constitutes withdrawal from scheme within meaning of Pt 5C.6 of Corporations Act 2001 (Cth).
Words and phrases – "managed investment schemes", "redemption", "withdrawal".
Corporations Act 2001 (Cth) – Pt 5C.6, ss 601GA(4), 601KA.