New South Wales Consolidated Acts

RESIDENTIAL TENANCIES ACT 2010 - SECT 182

182 Investment in residential accommodation unit trusts

(1) The Board may invest money in units in a residential accommodation unit trust and may, with the approval of the Minister, underwrite the issue of units in such a trust.

(2) A
"residential accommodation unit trust" is a unit trust providing for participation by unit holders in income and profits arising from the development of property that wholly or partly comprises residential accommodation.

(3) Development of property includes the acquisition, holding, management, leasing and disposal of property.