Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 2 ALRC Financial Services Interim Report: single glossary of defined terms
Part 1 Amendments
Division 11 Terms relating to Asia Region Funds Passport
Corporations Act 2001
575 Section 9 (definition of home economy)
Repeal the definition, substitute:
home economy for a passport fund means:
(a) if the passport fund is a regulated CIS, or a sub-fund of a regulated CIS, in only one participating economy - that participating economy; and
(b) if the passport fund is a regulated CIS, or a sub-fund of a regulated CIS, in more than one participating economy - the participating economy in which the fund is first registered or approved as a regulated CIS (however that registration or approval is described).
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