Corporations Act 2001
CHAPTER 5C
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MANAGED INVESTMENT SCHEMES
PART 5C.10
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DEREGISTRATION
Division 2
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Registered schemes that are Australian passport funds
SECTION 601PBE
CONSEQUENCES OF DEREGISTRATION ON STATUS AS AN AUSTRALIAN PASSPORT FUND
601PBE(1)
A scheme ceases to be an Australian passport fund at the same time as it ceases to be a registered scheme.
601PBE(2)
ASIC must annotate the Register of Passport Funds to indicate that the scheme is no longer a registered scheme or an Australian passport fund, or cause that annotation to be made on the Register.
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.
View history note
Hide history noteCCH Note: Section 601PBE 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.
A scheme ceases to be an Australian passport fund at the same time as it ceases to be a registered scheme.
601PBE(2)
ASIC must annotate the Register of Passport Funds to indicate that the scheme is no longer a registered scheme or an Australian passport fund, or cause that annotation to be made on the Register.
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