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

Schedule 2 Amendments consequential on Chapter 8A

Insert:

(1A) A person contravenes this section if:

(a) the person is a director of the operator of a notified foreign passport fund; and

(b) the person fails to take all reasonable steps to comply with, or to secure compliance with, Part 2M.3.

Note: This subsection is a civil penalty provision (see section 1317E).