Dated at Wellington this 2nd day of November 1999.
The Common Seal of the Securities Commission was affixed in the presence of:
This note is not part of the notice, but is intended to indicate its general effect.
This notice, which comes into force on the effective date and expires on 30 June 2004, replaces the Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Notice 1997.
The notice continues to exempt Macquarie Investment Services Limited, subject to conditions, from compliance with sections 51 and 54 of the Securities Act 1978 in respect of participatory securities issued under the Macquarie Gilt Edge Access Account.
The notice is required as a result of changes to the Australian funds management industry effected by the Australian Managed Investment Act 1998.
Under that Act, the roles of manager and trustee in respect of managed investment schemes are merged, and are performed by a single entity known as the responsible entity.