Corporations Act 2001
CHAPTER 5C - MANAGED INVESTMENT SCHEMES
Modifying legislative instruments: The application of Ch 5C is affected by the following legislative instruments that commenced on or after 1 January 2022: ASIC Corporations (Asset Holding Standards for Responsible Entities) Instrument 2024/16.
PART 5C.6 - MEMBERS' RIGHTS TO WITHDRAW FROM A SCHEME
SECTION 601KC
601KC NON-LIQUID SCHEMES - ONLY ONE WITHDRAWAL OFFER TO BE OPEN AT ANY TIME
CCH Note: Section 601KC is modified by the ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668; the ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693; and the ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681.
Only one withdrawal offer may be open at any time in relation to a particular interest in a registered scheme that is not liquid.
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