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readily realisable investment

  1. 119(1) (except in UPRU and IPRU(INV))
    1. (a) a packaged product;
    2. (b) a readily realisable security.
  2. 119(2) (in UPRU and IPRU(INV)) means a unit in a regulated collective investment scheme, a life policy or any marketable investment other than one which is traded on or under the rules of a recognised or designated investment exchange so irregularly or infrequently:
    1. (a) that it cannot be certain that a price for that investment will be quoted at all times; or
    2. (b) that it may be difficult to effect transactions at any price which may be quoted.