Pooled Development Funds Act 1992
A PDF ' s registration declaration is subject to the following conditions:
(a) a condition that the following be complied with by, and in relation to, the PDF:
(i) this Act;
(ii) any direction given, or requirement made, by the Board under this Act;
(iii) any condition to which an approval given, or determination made, by the Board under this Act is subject;
(b) a condition that the PDF ' s constitution:
(i) satisfies the PDF constitution requirements; and
(ii) be complied with in so far as it prohibits as mentioned in subsection 4(3) ;
(c) a condition that the PDF not reduce its share capital, or buy shares in itself, within 2 years after becoming a PDF or merging with another PDF as mentioned in section 32A .
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