Practical Law ANZ Glossary w-025-6855 (Approx. 2 pages)
Glossary
Time-sharing scheme
For the purposes of the Corporations Act 2001 (Cth)(CA 2001), a scheme, undertaking or enterprise, whether in Australia or elsewhere, in respect of which both of the following apply:
Participants in the scheme are, or may become, entitled to use, occupy or possess, for two or more periods during the period for which the scheme, undertaking or enterprise is to operate, property to which the scheme, undertaking or enterprise relates.
The scheme, undertaking or enterprise is to operate for a period of not less than three years.