Corporations Act 2001

CHAPTER 8A - ASIA REGION FUNDS PASSPORT  

PART 8A.3 - AUSTRALIAN PASSPORT FUNDS  

SECTION 1212C   NOTIFYING ASIC IF OFFERING INTERESTS IN ANOTHER PARTICIPATING ECONOMY IN ANOTHER NAME  

1212C(1)    
The operator of an Australian passport fund must notify ASIC in accordance with this section if:

(a) the operator of the fund offers interests in the fund in a participating economy other than Australia; and

(b) the name of the fund in the other participating economy is not the same as the name of the Australian passport fund.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

1212C(2)    
The notice must be given:

(a) in the prescribed form; and

(b) within 7 days after interests in the fund begin to be offered under that name.