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AU-1.4.49

For the purposes of Rule AU-1.4.48, a collective investment undertakingG is an undertaking the sole object of which is the collective investment of capital raised from the public in financial instrumentsG or other assets and which operates on the basis of risk-spreading; and the holdings of which are re-purchased or redeemed, directly or indirectly, out of those undertakings' assets.

Amended: July 2010
Amended: July 2007
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