Corporations Amendment (Asia Region Funds Passport) Act 2018 (61 of 2018)
Schedule 2 Amendments consequential on Chapter 8A
Corporations Act 2001
118 After subsection 344(1)
Insert:
(1A) A person contravenes this section if:
(a) the person is a director of the operator of a notified foreign passport fund; and
(b) the person fails to take all reasonable steps to comply with, or to secure compliance with, Part 2M.3.
Note: This subsection is a civil penalty provision (see section 1317E).
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