Overseas branch registers—Australian passport funds
178AA Overseas branch registers—Australian passport funds
An Australian passport fund may keep a branch register of members of the fund outside Australia.
If an Australian passport fund keeps an overseas branch register under subsection (1):
the fund must keep the branch register in the same manner as this Act requires the fund to keep the register kept under section 169 (the principal register); and
the fund must enter in the principal register the details contained in the branch register; and
the fund must distinguish interests that are registered in the branch register from the interests registered in the principal register.
This Act’s bill:Explanatory memorandumSecond reading speech
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