unitisation

    arrangements for a newly formed AUT or ACS under which:

      1. (a) the whole or part of the property of a body corporate (or a collective investment scheme) becomes the first scheme property of the AUT or ACS; and
      1. (b) the holders of:
        1. (i) shares in the body corporate being wound up; or
        1. (ii) units in the collective investment scheme, the property of which is being transferred;
        become the first participants in the AUT or ACS.
Glossary Legal Instruments