RG 140 Strata schemes and management rights schemes
Reissued 12 April 2017
This guide is for operators and promoters of properties that are, or are proposed to be, managed for investors.
- how the provisions of the Corporations Act 2001 (Corporations Act) relating to managed investment schemes apply to arrangements involving real property, including under strata or community title (e.g. units in a serviced apartment, hotel, motel or resort complex), and certain freehold titles or leasehold interests (referred to in this guide as ‘strata schemes’); and
- the conditional relief we have given, in ASIC Corporations (Serviced Apartment and Like Schemes) Instrument 2016/869, to operators and promoters of strata schemes, including management rights schemes, from the managed investment, Australian financial services (AFS) licensing, product disclosure and hawking provisions of the Corporations Act.