Corporations Amendment (Asia Region Funds Passport) Act 2018 (61 of 2018)

Schedule 2   Amendments consequential on Chapter 8A

Corporations Act 2001

18   Section 9

Insert:

Australian member : a person is an Australian member of a notified foreign passport fund if:

(a) the person holds an interest in the fund that was acquired in this jurisdiction; or

(b) the person is ordinarily resident in this jurisdiction and holds an interest in the fund.

Australian passport fund means a managed investment scheme:

(a) that is registered under section 601EB as a registered scheme and also registered as an Australian passport fund under Part 8A.3; and

(b) that is not deregistered as a registered scheme and an Australian passport fund under Division 2 of Part 5C.10, or deregistered as an Australian passport fund under Division 1 of Part 8A.7.