THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

CHAPTER 5C - MANAGED INVESTMENT SCHEMES

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PART 5C.2 - THE RESPONSIBLE ENTITY

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Division 3 - Consequences of change of responsible entity

SECTION 601FT EFFECT OF CHANGE OF RESPONSIBLE ENTITY ON DOCUMENTS ETC TO WHICH FORMER RESPONSIBLE ENTITY IS PARTY

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601FT(1) [Documents etc]

If the responsible entity of a registered scheme changes, a document:

(a) to which the former responsible entity is a party, in which a reference is made to the former responsible entity, or under which the former responsible entity has acquired or incurred a right, obligation or liability, or might have acquired or incurred a right, obligation or liability if it had remained the responsible entity; and

(b) that is capable of having effect after the change;

has effect as if the new responsible entity (and not the former responsible entity) were a party to it, were referred to in it or had or might have acquired or incurred the right, obligation or liability under it.

601FT(2) [Effect of sec 601FS(2)]

Subsection (1) does not apply to a right, obligation or liability that remains a right, obligation or liability of the former responsible entity because of subsection 601FS(2).

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