Corporations Amendment Regulations 2010 (No. 3) (88 of 2010)

7   Application to established common funds

A licensed trustee company that has established a common fund before 1 July 2010 and the fund continues after that day, commits an offence if the company does not:

(a) make a decision, in writing, about the matters set out in paragraphs 5D.2.05 (1) (a) to (g); and

(b) comply with subregulation 5D.2.05 (2);

before 1 July 2011.

Penalty: 50 penalty units.