Corporations Act 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.10 - DEREGISTRATION  

Division 2 - Registered schemes that are Australian passport funds  

SECTION 601PBD   NOTICES RELATING TO DEREGISTRATION PROCESS  

Notice before deregistration

601PBD(1)    
If ASIC proposes to deregister a registered scheme that is an Australian passport fund under subsection 601PBB(3) or paragraph 601PBC(7)(b) , ASIC must give written notice setting out the date on which ASIC proposes to deregister the registered scheme:

(a)    to the operator; and

(b)    to each host regulator for the Australian passport fund.

601PBD(2)    
The notice must be given at least 5 business days before the fund is deregistered as a registered scheme.

Notice of deregistration

601PBD(3)    
If ASIC deregisters a registered scheme that is an Australian passport fund under subsection 601PBB(3) or paragraph 601PBC(7)(b) , ASIC must give written notice that the fund has been deregistered as a registered scheme and the date on which it has been deregistered:

(a)    to the operator; and

(b)    to each host regulator for the Australian passport fund.

601PBD(4)    
The notice must be given within 5 business days after the fund is deregistered as a registered scheme.