SCHEDULES
F1SCHEDULE 4ZASub-fund settlements
Making a sub-fund election
7
For the purpose of Condition 3—
(a)
sections 104(1) and 109(2)(a) shall not have effect, and
(b)
“interest”, in relation to any asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).