s. 3 (b) a right to any such right or interest— that entitles the beneficiary to participate proportionately with other unitholders in a distribution of the property of the trust on its vesting; S. 3(1) def. of means an arrangement made for unit trust scheme unit trust the purpose, or having the effect, of scheme inserted by providing facilities for participation by a No. 85/2005 person, as a beneficiary under a trust, in any s. 22(1)(a). profit or income arising from the acquisition, holding, management or disposal of property under the trust, but does not include an excluded trust; has the same meaning as in S. 3(1) def. of valuation authority valuation section 2(1) of the Valuation of Land Act authority inserted by 1960; No. 69/2011 s. 34(1). means a Minister of the Crown Victorian Minister in right of Victoria; S. 3(1) def. of means a unit trust wholesale unit trust scheme wholesale unit scheme that is registered under Division 7 of trust scheme inserted by Part 2 of Chapter 3 of the Duties Act 2000 No. 85/2005 as a wholesale unit trust scheme, an s. 22(1)(a). imminent wholesale unit trust scheme or a declared wholesale unit trust scheme; has the same meaning as that S. 3(1) def. of widely held trust widely held term would have in the Duties Act 2000 if a trust reference in paragraph (b) of the definition of inserted by No. 85/2005 in section 3(1) of that Act widely held trust s. 22(1)(a). to "300 registered unitholders" were a reference to "50 registered unitholders"; means a calendar year. year
(b) a right to any such right or interest— s. 3 that entitles the beneficiary to participate proportionately with other unitholders in a distribution of the property of the trust on its vesting; S. 3(1) def. of unit trust scheme inserted by No. 85/2005 s. 22(1)(a). unit trust scheme means an arrangement made for the purpose, or having the effect, of providing facilities for participation by a person, as a beneficiary under a trust, in any profit or income arising from the acquisition, holding, management or disposal of property under the trust, but does not include an excluded trust; S. 3(1) def. of valuation authority inserted by No. 69/2011 s. 34(1). valuation authority has the same meaning as in section 2(1) of the Valuation of Land Act 1960; Victorian Minister means a Minister of the Crown in right of Victoria; S. 3(1) def. of wholesale unit trust scheme inserted by No. 85/2005 s. 22(1)(a). wholesale unit trust scheme means a unit trust scheme that is registered under Division 7 of Part 2 of Chapter 3 of the Duties Act 2000 as a wholesale unit trust scheme, an imminent wholesale unit trust scheme or a declared wholesale unit trust scheme; S. 3(1) def. of widely held trust inserted by No. 85/2005 s. 22(1)(a). widely held trust has the same meaning as that term would have in the Duties Act 2000 if a reference in paragraph (b) of the definition of widely held trust in section 3(1) of that Act to "300 registered unitholders" were a reference to "50 registered unitholders"; year means a calendar year.