SERVICED STRATA SCHEMES
Serviced strata schemes
ASIC considers that there is likely to be a serviced strata scheme when an investor’s right to a return depends (totally or partially) on either or both of the following two factors:
Typically, management rights schemes are serviced strata schemes. To avoid the need to register a management rights scheme as a managed investment scheme with ASIC and obtain an AFS licence to operate it, promoters and/or operators need to comply with ASIC’s class order relief. However, you will need to prepare a product disclosure statement (PDS) which complies with the Corporations Act.
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