601FJ
In forceChanges only take effect when ASIC alters record of registration
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5CManaged investment schemes
Part 5C.2The responsible entity
Division 2Changing the responsible entity
601FJ Changes only take effect when ASIC alters record of registration
(1)
Despite anything in this Division, the company named in ASIC’s record of registration as the responsible entity or temporary responsible entity of a registered scheme remains the scheme’s responsible entity until the record is altered to name another company as the scheme’s responsible entity or temporary responsible entity.
(2)
A purported change of the scheme’s responsible entity is ineffective unless it is in accordance with this Division.
This Act’s bill:Explanatory memorandumSecond reading speech
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