Pooled Development Funds Act 1992

PART 4 - REGULATION OF PDFs  

Division 2 - Other provisions regulating the capital structure and activities of PDFs  

SECTION 30   RESTRICTIONS ON RAISING MONEY ETC.  

30(1)    
A PDF must not:

(a) borrow money; or

(b) accept a deposit of money; or

(c) issue a debenture; or

(d) issue a convertible note; or

(e) issue or make available an interest in a managed investment scheme (including a notified foreign passport fund).

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History

S 30(1) amended by No 61 of 2018, s 3 and Sch 2A item 10, by inserting " (including a notified foreign passport fund) " in para (e), effective 18 September 2018.

S 30(1) amended by No 62 of 1998.

30(2)    

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An expression has in subsection (1) the same meaning as in the Corporations Act 2001 .

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History

S 30(2) amended by No 55 of 2001.

30(3)    
Nothing in subsection (1) prohibits a PDF from making a permitted short-term borrowing.

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