Document background
The Unit Subscription Agreement is a fundamental document in Australian investment management, used when investors wish to acquire units in a managed investment scheme or unit trust. It serves as the primary contractual instrument governing the relationship between the trustee/responsible entity and the unit subscriber, ensuring compliance with the Corporations Act 2001 (Cth) and related regulations. This document is essential for both retail and wholesale investment offerings, though its complexity and content may vary depending on the investor classification. The agreement typically includes detailed provisions about the subscription process, payment terms, investor warranties, compliance obligations, and various operational matters. It's particularly important in the context of Australian financial services regulation, where strict disclosure requirements and investor protection mechanisms must be incorporated.
