Corporations Act 2001
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.
Modifying legislative instruments: The application of Pt 5C.2 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.
CCH Note: Division 2 is modified by 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.
CCH Note: Section 601FP is modified by 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.
On application under section 601FL or 601FN , the Court may, by order, appoint a company as the temporary responsible entity of a registered scheme if the Court is satisfied that the appointment is in the interest of the members.
601FP(2)
The Court may make any further orders that it considers necessary.
601FP(3)
If the application was made by the current responsible entity, it must, as soon as practicable after the Court ' s order appointing the temporary responsible entity, lodge a notice with ASIC informing ASIC of the appointment made by the Court.
[ CCH Note 1: S 601FP(3) will be amended by No 69 of 2020, s 3, Sch 1[954], by substituting " the Registrar " for " ASIC " (wherever occurring) (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
[ CCH Note 2: S 601FP(3A) will be inserted by No 69 of 2020, s 3, Sch 1[955] (effective 1 July 2026 or a day or days to be fixed by Proclamation). S 601FP(3A) will read:
601FP(3A)
The notice must meet any requirements of the data standards.]
601FP(4)
As soon as practicable after the appointment, ASIC must alter the record of the scheme ' s registration to name the appointed company as the scheme ' s temporary responsible entity.
[ CCH Note: S 601FP(4) will be amended by No 69 of 2020, s 3, Sch 1[956], by substituting " the Registrar " for " ASIC " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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