601FR
In forceFormer responsible entity to hand over books and provide reasonable assistance
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 3Consequences of change of responsible entity
601FR Former responsible entity to hand over books and provide reasonable assistance
If the responsible entity of a registered scheme changes, the former responsible entity must:
(a)
as soon as practicable give the new responsible entity any books in the former responsible entity’s possession or control that this Act requires to be kept in relation to the scheme; and
(b)
give other reasonable assistance to the new responsible entity to facilitate the change of responsible entity.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.