THE CORPORATIONS LAW

CHAPTER 5C - MANAGED INVESTMENT SCHEMES

PART 5C.1 - REGISTRATION OF MANAGED INVESTMENT SCHEMES

SECTION 601EB   REGISTRATION OF MANAGED INVESTMENT SCHEME  

601EB(1)  [Registration]  

ASIC must register the scheme within:

(a)  28 days if the application is lodged within 2 years after commencement of this Chapter; or

(b)  14 days if the application is lodged later than that;

unless it appears to ASIC that:

(c)  the application does not comply with section 601EA; or

(d)  the proposed responsible entity does not meet the requirements of section 601FA; or

(e)  the scheme's constitution does not meet the requirements of sections 601GA and 601GB; or

(f)  the scheme's compliance plan does not meet the requirements of section 601HA; or

(g)  the copy of the compliance plan lodged with the application is not signed as required by section 601HC; or

(h)  arrangements are not in place that will satisfy the requirements of section 601HG in relation to audit of compliance with the plan.

601EB(2)  [ARSN]  

If ASIC registers the scheme, ASIC must give it an ARSN.

601EB(3)  [Records]  

ASIC must keep a record of the registration of the scheme.

601EB(4)  [References]  

For the purpose of determining whether subsection (1) is satisfied in relation to the scheme:

(a)  references in Parts 5C.3, 5C.4 and 5C.5 to a registered scheme are taken to include a reference to the scheme; and

(b)  references in those Parts to the responsible entity of a registered scheme are taken to include a reference to the proposed responsible entity of the scheme.