Is SPP HarvesterTM a managed fund?

SPP HarvesterTM is not a managed fund nor is it a collective investment vehicle or investment scheme.

 

The SPP HarvesterTM service offered by OnMarket Investment Management Pty Ltd (OIM) does not constitute a managed discretionary account, managed investment scheme, investor directed portfolio service (IDPS) or IDPS-like scheme under the Corporations Act. OIM is acting on the instructions of the Member at all times as is set out in the SPP HarvesterTM Terms to make SPP applications and sell any securities acquired in accordance with these instructions. OIM does not have any discretion to lodge SPP applications, sell securities or make any other investments and must take all actions in accordance with the rules set out in these SPP HarvesterTM Terms.

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