Corporations Act 2001

CHAPTER 8A - ASIA REGION FUNDS PASSPORT  

PART 8A.2 - PASSPORT RULES  

SECTION 1211   MINISTER MAY MAKE PASSPORT RULES FOR THIS JURISDICTION  

1211(1)    
The Minister may, by legislative instrument, make rules that provide for matters relating to passport funds, or entities connected with passport funds.

1211(2)    
The rules made by the Minister under subsection (1) must be substantially the same as the Passport Rules set out in Annex 3 to the Memorandum of Cooperation.

1211(3)    
If the rules made by the Minister under subsection (1) taken together with other provisions of the Corporations legislation have substantially the same effect as the Passport Rules set out in Annex 3 to the Memorandum of Cooperation, the rules made by the Minister under subsection (1) are taken to be substantially the same as the Passport Rules set out in Annex 3 to the Memorandum of Cooperation.