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

View history reference

 View history note

 Hide history note

History

Chapter 5C inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

PART 5C.10 - DEREGISTRATION

 View history note

 Hide history note

History

Part 5C.10 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

SECTION 601PA   DEREGISTRATION - VOLUNTARY  

View history reference

601PA(1) 

View history reference

Responsible entity may apply for deregistration.  

The responsible entity of a registered scheme may lodge an application for deregistration of the scheme with ASIC.)

 View history note

 Hide history note

History

S 601PA(1) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).

S 601PA(1) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

601PA(2)  (Criteria)  

The responsible entity may only apply if:

(a)  the scheme:

(i) has 20 or less members (calculated in accordance with subsection 601ED(4)) and all the members agree that the scheme should be deregistered; and

(ii) is not required to be registered by paragraph 601ED(1)(b) or (c); or

(b)  because of subsection 601ED(2) (exemption based on Chapter 6D not applying), the scheme is not required to be registered and all the members agree that the scheme should be deregistered; or

View history reference

(c)  the scheme is not a managed investment scheme.

 View history note

 Hide history note

History

S 601PA(2) amended by No 156 of 1999, Sch 3, Pt 1 (effective 13 March 2000).

S 601PA(2) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

601PA(3)  [Deregistration]  

View history reference

If ASIC is satisfied that the application complies with subsections (1) and (2), it must give notice of the proposed deregistration:

(a)  on the national database; and

(b)  in the Gazette.

When 2 months have passed since the Gazette notice, ASIC may deregister the scheme.

 View history note

 Hide history note

History

S 601PA(3) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).

S 601PA(3) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

601PA(4)  [Notice]  

View history reference

ASIC must give notice of the deregistration to the applicant.

 View history note

 Hide history note

History

S 601PA(4) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).

S 601PA(4) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.