601PBE
In forceConsequences of deregistration on status as an Australian passport fund
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5CManaged investment schemes
Part 5C.10Deregistration
Division 2Registered schemes that are Australian passport funds
601PBE Consequences of deregistration on status as an Australian passport fund
(1)
A scheme ceases to be an Australian passport fund at the same time as it ceases to be a registered scheme.
(2)
ASIC must annotate the Register of Passport Funds to indicate that the scheme is no longer a registered scheme or an Australian passport fund, or cause that annotation to be made on the Register.
This Act’s bill:Explanatory memorandumSecond reading speech
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