Corporations Act 2001
CHAPTER 5C
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MANAGED INVESTMENT SCHEMES
PART 5C.9
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WINDING UP
SECTION 601NA
601NA
WINDING UP REQUIRED BY SCHEME
'
S CONSTITUTION
The constitution of a registered scheme may provide that the scheme is to be wound up: (a) at a specified time; or (b) in specified circumstances or on the happening of a specified event;
CCH Note: Section 601NA is modified by the ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693; and the ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681.
The constitution of a registered scheme may provide that the scheme is to be wound up: (a) at a specified time; or (b) in specified circumstances or on the happening of a specified event;
but a provision of the constitution that purports to provide that the scheme is to be wound up if a particular company ceases to be its responsible entity is of no effect (including for the purposes of paragraph 601NE(1)(a) ).
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