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Trust Constitution Amendments - Member Approval of Placements |
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14 November 2005 ASIC recently issued a new class order, CO 05/26 which deals amongst other things with member approval requirements where the responsible entity has exercised, or proposes to exercise its discretion under the class order to determine the issue price of interests in a managed investment scheme. The constitutions for the two Australian trusts in MIG, which are both managed investment schemes, have been amended to reflect the new CO 05/26 member approval requirements. The supplemental deeds giving effect to the amendments are attached.
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