Explanatory note

This note is not part of the notice, but is intended to indicate its general effect.

This notice, which comes into force on the day after the date of its notification in the Gazette, amends the Securities Act (Australian Registered Managed Investment Schemes) Exemption Notice 1999.

The effect of the amendment is that the exemption granted by clause 3(1)(a) and (b) of the principal notice in respect of sections 37 and 37A(2) of the Securities Act 1978 is no longer subject to the condition that an annual report specifying certain matters must be furnished to the Securities Commission (as set out in clause 8 of the principal notice). That condition, however, continues to apply to the other exemption granted by clause 3(1)(a) and (b) of the principal notice.