CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 5C - MANAGED INVESTMENT SCHEMES
History
Chapter 5C inserted by No 62 of 1998, Sch 1 (effective
1 July 1998).
PART 5C.10 - DEREGISTRATION
History
Part 5C.10 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
SECTION 601PC
REINSTATEMENT
601PC(1)
[Reinstatement]
ASIC may reinstate the registration of a managed investment scheme if ASIC is satisfied that the scheme should not have been deregistered or if the defect that led to the scheme being deregistered has been remedied.
History
S 601PC(1) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).
S 601PC(1) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).
601PC(2)
[Court]
The Court may make an order that ASIC reinstate the registration of a managed investment scheme if:
(a)
an application for reinstatement is made to the Court by:
(i) a person aggrieved by the deregistration; or
(ii) a person who was winding up the scheme; and
(b)
the Court is satisfied that it is just that the scheme's registration be reinstated.
History
S 601PC(2) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).
S 601PC(2) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).
601PC(3)
[Directions]
The Court may give any directions it thinks just for putting the scheme and other people in the same position, as far as possible, as if the scheme had not been deregistered.
History
S 601PC(3) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).
601PC(4)
ASIC to give notice of reinstatement.
ASIC must give notice of a reinstatement in the
Gazette. If ASIC exercises its power under subsection
(1) in response to an application by a person, ASIC must also give notice of the reinstatement to the applicant.
History
S 601PC(4) amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).
S 601PC(4) inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).