Corporations Act 2001
Modifying legislative instruments: The application of Ch 5C is affected by the following legislative instruments that commenced on or after 1 January 2022: ASIC Corporations (Asset Holding Standards for Responsible Entities) Instrument 2024/16.
View history note
Hide history noteCCH Note: Section 601PBD is modified by the ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693; and the ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681.
Notice before deregistration
601PBD(1)
If ASIC proposes to deregister a registered scheme that is an Australian passport fund under subsection 601PBB(3) or paragraph 601PBC(7)(b) , ASIC must give written notice setting out the date on which ASIC proposes to deregister the registered scheme: (a) to the operator; and (b) to each host regulator for the Australian passport fund.
601PBD(2)
The notice must be given at least 5 business days before the fund is deregistered as a registered scheme.
Notice of deregistration
601PBD(3)
If ASIC deregisters a registered scheme that is an Australian passport fund under subsection 601PBB(3) or paragraph 601PBC(7)(b) , ASIC must give written notice that the fund has been deregistered as a registered scheme and the date on which it has been deregistered: (a) to the operator; and (b) to each host regulator for the Australian passport fund.
601PBD(4)
The notice must be given within 5 business days after the fund is deregistered as a registered scheme.
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