Managed Investments Act 1998 (62 of 1998)
Schedule 2
Part 1 Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989
157 After subsection 1317HA(1)
Insert:
(1A) If the responsible entity for a registered scheme is ordered to compensate the scheme, the responsible entity must transfer the amount of the compensation to scheme property. If anyone else is ordered to compensate the scheme, the responsible entity may recover the compensation on behalf of the scheme.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
