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.2 - THE RESPONSIBLE ENTITY
History
Part 5C.2 inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).
Division 2 - Changing the responsible entity
SECTION 601FP
APPOINTMENT OF TEMPORARY RESPONSIBLE ENTITY BY COURT
601FP(1)
[Temporary responsible entity]
On application under section
601FL or
601FN, the Court may, by order, appoint a company as the temporary responsible entity of a registered scheme if the Court is satisfied that the appointment is in the interest of the members.
601FP(2)
[Further orders]
The Court may make any further orders that it considers necessary.
601FP(3)
[Lodgment with ASIC]
If the application was made by the current responsible entity, it must, as soon as practicable after the Court's order appointing the temporary responsible entity, lodge a notice with ASIC informing ASIC of the appointment made by the Court.
601FP(4)
[Alteration of record]
As soon as practicable after the appointment, ASIC must alter the record of the scheme's registration to name the appointed company as the scheme's temporary responsible entity.
History
S 601FP amended by No 54 of 1998, Sch 6, Pt 2 (effective 1 July 1998).
S 601FP inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).
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