Regulations for Offers of Business Trusts
What does "trustee manager" mean?
According to Business Trust Act 2004
“trustee-manager”, in relation to a registered business trust, includes a replacement trustee-manager and temporary trustee-manager;
“replacement trustee-manager” means a company that has consented in writing to its election by the unitholders of a registered business trust to replace the resigning trustee-manager or temporary trustee-manager, as the case may be, of the registered business trust;
“temporary trustee-manager” means a company that has been appointed as the temporary trustee-manager of a registered business trust under section 21;