The entity that operates a managed investment under the constitution.
An entity licensed by the Australian Securities and Investments Commission, responsible for all aspects of managing a unit trust.
means as the term is defined in 24 CFR 58.2 of this title, as applied though 24 CFR 58.1(b)(3) of this title and 24 CFR 576.57(e). "(b) Applicability. This part applies to activities and projects where specific statutory authority exists for recipients or other responsible entities to assume environmental responsibilities. Programs and activities subject to this part include: . . .(3) Grants to States and units of general local government under the Emergency Shelter Grant Program . .". (24 CFR 58.1)
The company named in ASIC's record of the fund's or scheme's registration as the responsible entity or temporary responsible entity. The responsible entity of a registered fund or scheme is required to operate the fund/scheme and perform the functions conferred on it by the fund/scheme's constitution and the Corporations Act. The responsible entity of a fund/scheme must be a public company under the Corporations Act and must hold a dealers' licence from ASIC.
the entity that operates a managed investment scheme.
A responsible entity is a peculiarly Australian invention designed to replace the manager/trustee in managed investment schemes. It was created by the Managed Investments Act 1998, which made significant amendments to the prescribed interest provisions contained in the Australian Corporations Act.