Corporations Amendment (Asia Region Funds Passport) Act 2018 (61 of 2018)

Schedule 2   Amendments consequential on Chapter 8A

Corporations Act 2001

111   After section 341

Insert:

341A Exemption orders - class orders for notified foreign passport funds

(1) ASIC may, by legislative instrument, make an order in respect of a specified class of notified foreign passport funds, relieving any of the following from all or specified requirements of Part 2M.3:

(a) notified foreign passport funds;

(b) the operators of notified foreign passport funds;

(c) the directors of the operators of notified foreign passport funds.

Note: For the criteria for making orders under this section, see section 342.

(2) The order may:

(a) be expressed to be subject to conditions; and

(b) be indefinite or limited to a specified period.