The Unit Trusts Amendment Act 2012 (formerly part of the Regulatory Reform Bill 2010) came into force on 31 August 2012.

The Act modernises the means of conveying information to unit holders under the Unit Trusts Act 1960 by enabling accounts and financial statements to be distributed electronically to unit holders.

Under the new provisions, the manager of the unit trust is required to send a notice explaining to unit holders that they may choose to receive the audited statement of accounts or the financial statements as a printed copy or by electronic means in a similar manner to the section 209 notice introduced under the Companies Act in respect of annual reports.