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

Schedule 2   Amendments consequential on Chapter 8A

Corporations Act 2001

71   At the end of Part 2C.1

Add:

178AA Overseas branch registers - Australian passport funds

(1) An Australian passport fund may keep a branch register of members of the fund outside Australia.

(2) If an Australian passport fund keeps an overseas branch register under subsection (1):

(a) the fund must keep the branch register in the same manner as this Act requires the fund to keep the register kept under section 169 (the principal register ); and

(b) the fund must enter in the principal register the details contained in the branch register; and

(c) the fund must distinguish interests that are registered in the branch register from the interests registered in the principal register.